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 § 7-108-403

Title 07Corporations

Art.Directors and Officers

This text of Colorado § 7-108-403 (Limitation of certain liabilities of directors and officers) 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. § 7-108-403 (2026).

Text

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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.