Liability to third parties

Colo. Rev. Stat. § 7-126-103, under Corporations and Associations.

Colo. Rev. Stat. § 7-126-103

The directors, officers, employees, and members of a nonprofit corporation are not, as such, personally liable for the acts, debts, liabilities, or obligations of a nonprofit corporation.

Source: L. 97: Entire article added, p. 671, � 3, effective July 1, 1998.