Colorado § 7-123-105 Actions against nonprofit corporations

Colorado Statutes

§ 7-123-105 — Actions against nonprofit corporations

Colorado·Title 07 Corporations·Art. Purposes and Powers

Any other provision of
law to the contrary notwithstanding, any civil action permitted under the law of this
state may be brought against any nonprofit corporation, and the assets of any
nonprofit corporation that would, but for articles 121 to 137 of this title, be immune
from levy and execution on any judgment shall nonetheless be subject to levy and
execution to the extent that such nonprofit corporation would be reimbursed by
proceeds of liability insurance policies carried by it were judgment levied and
executed against its assets.

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Any other provision of
law to the contrary notwithstanding, any civil action permitted under the law of this
state may be brought against any nonprofit corporation, and the assets of any
nonprofit corporation that would, but for articles 121 to 137 of this title, be immune
from levy and execution on any judgment shall nonetheless be subject to levy and
execution to the extent that such nonprofit corporation would be reimbursed by
proceeds of liability insurance policies carried by it were judgment levied and
executed against its assets.

Colorado § 7-123-105 (Actions against nonprofit corporations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.