Colorado § 7-108-403 Limitation of certain liabilities of directors and officers

Colorado Statutes

§ 7-108-403 — Limitation of certain liabilities of directors and officers

Colorado·Title 07 Corporations·Art. Directors and Officers

A
director or officer is not personally liable for any injury to person or property arising
out of a tort committed by an employee unless the director or officer was
personally involved in the situation giving rise to the litigation or unless the director
or officer committed a criminal offense in connection with the situation. The
protection afforded in this section does not restrict other common-law protections
and rights that a director or officer may have.

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A
director or officer is not personally liable for any injury to person or property arising
out of a tort committed by an employee unless the director or officer was
personally involved in the situation giving rise to the litigation or unless the director
or officer committed a criminal offense in connection with the situation. The
protection afforded in this section does not restrict other common-law protections
and rights that a director or officer may have.

Colorado § 7-108-403 (Limitation of certain liabilities of directors and officers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.