Colorado Statutes
§ 7-129-103 — Mandatory indemnification of directors
Colorado § 7-129-103
This text of Colorado § 7-129-103 (Mandatory indemnification of directors) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 7-129-103 (2026).
Text
Unless limited by its
articles of incorporation, a nonprofit corporation shall indemnify a person who was
wholly successful, on the merits or otherwise, in the defense of any proceeding to
which the person was a party because the person is or was a director, against
reasonable expenses incurred by the person in connection with the proceeding.
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Legislative History
Source: L. 97: Entire article added, p. 703, � 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
IncorporationCite This Page — Counsel Stack
Bluebook (online)
Colorado § 7-129-103, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/07/7-129-103.