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

Colorado § 7-90-913

• Jurisdiction: Colorado
• Title 07: Corporations
• Art.: Colorado Corporations and Associations Act

Text

(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.

Legislative History

Source: L. 2006: Entire section added, p. 876, � 64, effective July 1.