Colo. Rev. Stat. § 11-103-602
Indemnification and personal liability of directors, officers, employees, and agents
Colorado · Colorado Revised Statutes Title 11 — Financial Institutions · Status: effective
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- Citation
- Colo. Rev. Stat. § 11-103-602, Indemnification and personal liability of directors, officers, employees, and agents, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2289767
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Full text
A state bank has the same powers, rights, and obligations and is subject to the same limitations as apply to corporations for profit as set forth in article 109 of title 7. State bank directors, officers, employees, and agents have the same rights as directors, officers, employees, and agents, respectively, of corporations for profit as set forth in article 109 of title 7. State bank directors and officers have the benefit of the same limitations on personal liability for any injury to person or property arising out of a tort as set forth in section 7-108-403, for directors and officers, respectively, of corporations for profit. Any reference in said sections to shareholders shall be construed to refer to stockholders for the purposes of this section.