Unauthorized assumption of powers

Colo. Rev. Stat. § 7-80-105, under Corporations and Associations.

Colo. Rev. Stat. § 7-80-105

All persons who assume to act as a limited liability company without authority to do so and without good-faith belief that they have such authority shall be jointly and severally liable for all debts and liabilities incurred by such persons so acting.

Source: L. 90: Entire article added, p. 416, � 1, effective April 18.