Colorado § 7-90-913 Enforcement of claims against a dissolved domestic entity

Colorado Statutes

§ 7-90-913 — Enforcement of claims against a dissolved domestic entity

Colorado·Title 07 Corporations·Art. Colorado Corporations and Associations Act

(1)A claim may be enforced under section 7-90-911 or 7-90-912:

(a)Against the dissolved domestic entity to the extent of its undistributed assets; and

(b)If assets have been distributed in liquidation, against an owner of the dissolved domestic entity; except that an owner's total liability for all claims under this section shall not exceed the total value of assets distributed to the owner, as such value is determined at the time of distribution. Any owner required to return any portion of the value of assets received by the owner in liquidation shall be entitled to contribution from all other owners. Each such contribution shall be in accordance with the contributing owner's rights and interests and shall not exceed the value of the assets received by the contributing owner

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(1) A
claim may be enforced under section 7-90-911 or 7-90-912:

(a) Against the dissolved domestic entity to the extent of its undistributed
assets; and

(b) If assets have been distributed in liquidation, against an owner of the
dissolved domestic entity; except that an owner's total liability for all claims under
this section shall not exceed the total value of assets distributed to the owner, as
such value is determined at the time of distribution. Any owner required to return
any portion of the value of assets received by the owner in liquidation shall be
entitled to contribution from all other owners. Each such contribution shall be in
accordance with the contributing owner's rights and interests and shall not exceed
the value of the assets received by the contributing owner in liquidation.

Colorado § 7-90-913 (Enforcement of claims against a dissolved domestic entity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.