Colorado § 7-42-118 Liability of stockholders, directors, and officers

Colorado Statutes

§ 7-42-118 — Liability of stockholders, directors, and officers

Colorado·Title 07 Corporations·Art. Ditch and Reservoir Companies

Stockholders,
directors, and officers of corporations formed under the provisions of this article
shall enjoy the same measure of immunity from liability for corporate acts or
omissions as stockholders, directors, and officers of corporations formed under the
Colorado Business Corporation Act, articles 101 to 117 of this title, or as members,
directors, and officers of nonprofit corporations formed under the Colorado
Revised Nonprofit Corporation Act, articles 121 to 137 of this title.

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Stockholders,
directors, and officers of corporations formed under the provisions of this article
shall enjoy the same measure of immunity from liability for corporate acts or
omissions as stockholders, directors, and officers of corporations formed under the
Colorado Business Corporation Act, articles 101 to 117 of this title, or as members,
directors, and officers of nonprofit corporations formed under the Colorado
Revised Nonprofit Corporation Act, articles 121 to 137 of this title.

Colorado § 7-42-118 (Liability of stockholders, directors, and officers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 86: Entire section added, p. 1092, � 2, effective May 16. L. 93: Entire section amended, p. 855, � 8, effective July 1, 1994. L. 97: Entire section amended, p. 756, � 9, effective July 1, 1998.