Colorado Revised Statutes

Colo. Rev. Stat. § 7-109-103 (2026)

Mandatory indemnification of directors

✓ current as of July 2026

Find cases: SyfertCases citing this section CO-LEGleg.colorado.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar

Unless limited by its articles of incorporation, a corporation shall indemnify an individual who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the individual was a party because the individual is or was a director, against reasonable expenses incurred by the individual in connection with the proceeding.

Source: L. 93: Entire article added, p. 791, § 1, effective July 1, 1994. L. 2004: Entire section amended, p. 1501, § 266, effective July 1. L. 2019: Entire section amended, (SB 19- 086), ch. 166, p. 1938, § 39, effective July 1, 2020.

Notes of Decisions

Cited in 2 cases, 2000–2005 · leading case: Waskel v. Guar. Nat'l Corp., 23 P.3d 1214 (Colo. Ct. App. 2000).

Sort: Relevance Newest Treatment

Waskel v. Guar. Nat'l Corp., 23 P.3d 1214 (Colo. Ct. App. 2000). · cites it 2× “Mandatory indemnification is addressed in § 7-109-103, C©.R.8.2000, which provides: Unless limited by its articles of incorporation, a corporation shall indenmify a person who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the person…”

Adelphia Commc'ns Corp. v. Rigas (In Re Adelphia Commc'ns Corp.), 323 B.R. 345 (Bankr. S.D.N.Y. 2005). “§ 7-109-104 (2004) (referring to Colo.Rev.Stat. Ann. § 7-109-102 (2004)). 71 .”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.