All persons purporting to act as or on behalf of a nonprofit corporation without authority to do so and without good-faith belief that they have such authority shall be jointly and severally liable for all liabilities incurred or arising as a result thereof.
Source: L. 97: Entire article added, p. 661, § 3, effective July 1, 1998.
ANNOTATION
Annotator's note. Since § 7-122-104 is similar to § 7-20-106 as it existed prior to the 1997 recodification of the "Colorado Revised Nonprofit Corporation Act", articles 121 to 137 of title 7, a case construing that provision has been included in the annotations to this section.
Directors of dissolved corporation were not statutorily liable for negligent acts of employee where the directors had no knowledge of the dissolved status of the corporation at the time of plaintiff's accident. Sims v. Ottenhoff, 879 P.2d 436 (Colo. App. 1994).