Colorado Statutes
§ 7-126-203 — Creditor's action against member
No proceeding may be
brought by a creditor to reach the liability, if any, of a member to the nonprofit
corporation unless final judgment has been rendered in favor of the creditor against
the nonprofit corporation and execution has been returned unsatisfied in whole or
in part or unless such proceeding would be useless.
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Legislative History
Source: L. 97: Entire article added, p. 672, � 3, effective July 1, 1998.
Nearby Sections
15
§ 7-101-101
Short title§ 7-101-102
Reservation of power to amend or repeal§ 7-101-201
Filing requirements§ 7-101-401
General definitions§ 7-101-501
Short title§ 7-101-504
Nonprofit corporations§ 7-101-506
Duties of directors§ 7-101-507
Benefit report - definition§ 7-101-509
No effect on other corporations§ 7-102-101
Incorporators§ 7-102-102
Articles of incorporation§ 7-102-103
Incorporation