Colorado § 7-58-901 Indemnification

Colorado Statutes

§ 7-58-901 — Indemnification

Colorado § 7-58-901

Title 07Corporations

Art.Uniform Limited Cooperative Association Act

This text of Colorado § 7-58-901 (Indemnification) 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. § 7-58-901 (2026).

Text

(1)Indemnification of an individual who has incurred liability or is a party, or is threatened to be made a party, to litigation because of the performance of a duty to, or activity on behalf of, a limited cooperative association is governed by the Colorado Business Corporation Act, articles 101 to 117 of this title.

(2)A limited cooperative association may purchase and maintain insurance on behalf of any individual against liability asserted against or incurred by the individual to the same extent and subject to the same conditions as provided by the Colorado Business Corporation Act, articles 101 to 117 of this title.

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(1) Indemnification of an individual who has
incurred liability or is a party, or is threatened to be made a party, to litigation
because of the performance of a duty to, or activity on behalf of, a limited
cooperative association is governed by the Colorado Business Corporation Act,
articles 101 to 117 of this title.

(2) A limited cooperative association may purchase and maintain insurance
on behalf of any individual against liability asserted against or incurred by the
individual to the same extent and subject to the same conditions as provided by the
Colorado Business Corporation Act, articles 101 to 117 of this title.