Colo. Rev. Stat. § 7-129-103
Mandatory indemnification of directors
Colorado · Colorado Revised Statutes Title 7 — Corporations and Associations · Status: effective
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- Citation
- Colo. Rev. Stat. § 7-129-103, Mandatory indemnification of directors, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2286009
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Full text
Unless limited by its articles of incorporation, a nonprofit corporation shall indemnify a person who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the person was a party because the person is or was a director, against reasonable expenses incurred by the person in connection with the proceeding.