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Colorado Revised Statutes

Colo. Rev. Stat. § 7-126-103 (2026)

Liability to third parties

✓ current as of July 2026
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The directors, officers, employees, and members of a nonprofit corporation are not, as such, personally liable for the acts, debts, liabilities, or obligations of a nonprofit corporation. Source: L. 97: Entire article added, p. 671, § 3, effective July 1, 1998.

Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2004–2021 · leading case: Krystkowiak v. W.O. Brisben Companies, Inc., 90 P.3d 859 (Colo. 2004).
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Krystkowiak v. W.O. Brisben Companies, Inc., 90 P.3d 859 (Colo. 2004). · cites it 9× “See § 7-126-103, 2 C.R.S. (2003) (“The directors, officers, employees, and members of a nonprofit corporation are not, as such, personally liable for the acts, debts, liabilities, or obligations of a nonprofit corporation.”
v. Women's Prof'l Rodeo Ass'n, 2021 COA 105 (Colo. Ct. App. 2021). · cites it 2× “¶ 70 Neither of these claims stated a claim upon which relief can be granted against Wintermute, however.”
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