Colorado § 7-109-103 Mandatory indemnification of directors

Colorado Statutes

§ 7-109-103 — Mandatory indemnification of directors

Colorado § 7-109-103

Title 07Corporations

Art.Indemnification

This text of Colorado § 7-109-103 (Mandatory indemnification of directors) 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. § 7-109-103 (2026).

Text

Unless limited by its
articles of incorporation, a corporation shall indemnify an individual who was wholly
successful, on the merits or otherwise, in the defense of any proceeding to which
the individual was a party because the individual is or was a director, against
reasonable expenses incurred by the individual in connection with the proceeding.

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Legislative History

Source: L. 93: Entire article added, p. 791, � 1, effective July 1, 1994. L. 2004: Entire section amended, p. 1501, � 266, effective July 1. L. 2019: Entire section amended, (SB 19-086), ch. 166, p. 1938, � 39, effective July 1, 2020.