Colorado § 7-129-107 Indemnification of officers, employees, fiduciaries, and agents

Colorado Statutes

§ 7-129-107 — Indemnification of officers, employees, fiduciaries, and agents

Colorado § 7-129-107

Title 07Corporations

Art.Indemnification

This text of Colorado § 7-129-107 (Indemnification of officers, employees, fiduciaries, and agents) 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. § 7-129-107 (2026).

Text

(1)Unless otherwise provided in the articles of incorporation:

(a)An officer is entitled to mandatory indemnification under section 7-129-103, and is entitled to apply for court-ordered indemnification under section 7-129-105, in each case to the same extent as a director;

(b)A nonprofit corporation may indemnify and advance expenses to an officer, employee, fiduciary, or agent of the nonprofit corporation to the same extent as to a director; and

(c)A nonprofit corporation may also indemnify and advance expenses to an officer, employee, fiduciary, or agent who is not a director to a greater extent, if not inconsistent with public policy, and if provided for by its bylaws, general or specific action of its board of directors or voting members, or contract.

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(1) Unless otherwise provided in the articles of incorporation:

(a) An officer is entitled to mandatory indemnification under section 7-129-103, and is entitled to apply for court-ordered indemnification under section 7-129-105, in each case to the same extent as a director;

(b) A nonprofit corporation may indemnify and advance expenses to an
officer, employee, fiduciary, or agent of the nonprofit corporation to the same
extent as to a director; and

(c) A nonprofit corporation may also indemnify and advance expenses to an
officer, employee, fiduciary, or agent who is not a director to a greater extent, if not
inconsistent with public policy, and if provided for by its bylaws, general or specific
action of its board of directors or voting members, or contract.