Colo. Rev. Stat. § 7-108-403
Limitation of certain liabilities of directors and officers
Colorado · Colorado Revised Statutes Title 7 — Corporations and Associations · Status: effective
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- Citation
- Colo. Rev. Stat. § 7-108-403, Limitation of certain liabilities of directors and officers, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2285789
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Full text
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.