Limitation of certain liabilities of directors and officers

C.R.S. § 7-108-403
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
7-108-403. Limitation of certain liabilities of directors and officers. A director or officer is not personally liable for any injury to person or property arising out of a tort committed by an employee unless the director or officer was personally involved in the situation giving rise to the litigation or unless the director or officer committed a criminal offense in connection with the situation. The protection afforded in this section does not restrict other common-law protections and rights that a director or officer may have.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-07.docx#7-108-403Fetched: 10/6/2026
C.R.S. § 7-108-403 — Limitation of certain liabilities of directors and officers | Colorado Revised Statutes (2024 edition) | Corpus