Colorado Statutes
§ 7-63-107 — Limited liability
The managers, officers, and members, including
their transferees and other successors, of an association shall not be liable under
any judgment, decree, or order of any court, or in any other manner, for a debt,
obligation, or other liability of the association. This section is a default rule, subject
to the bylaws.
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Legislative History
Source: L. 95: Entire article added, p. 791, � 18, effective May 24.
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