The managers, officers, and members, including their transferees and other successors, of an association shall not be liable under any judgment, decree, or order of any court, or in any other manner, for a debt, obligation, or other liability of the association. This section is a default rule, subject to the bylaws.
Source: L. 95: Entire article added, p. 791, § 18, effective May 24.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 63 - Colorado Limited Partnership Association Act
§ 7-63-103. Nature of Business
§ 7-63-104. Formation of Association
§ 7-63-108. Reference to Corporation Law
§ 7-63-110. Management - Officers, Managers, and Members
§ 7-63-111. Dealings on Behalf of Association
§ 7-63-112. Capital Contributions
§ 7-63-114. Membership Participation - Interests