Colorado § 32-9-145 - Limitations upon liabilities.
Full text of Colorado Colorado Revised Statutes § 32-9-145 — Limitations upon liabilities., with citation guidance and answers to common questions.
§ 32-9-145. Limitations upon liabilities.
Neither the directors nor any person executing any district securities issued under this article shall be liable personally on the securities by reason of the issuance thereof. Securities issued pursuant to this article shall not in any way create or constitute any indebtedness, liability, or obligation of the state or of any political subdivision thereof, except the district, and nothing in this article shall be construed to authorize the district to incur any indebtedness on behalf of or in any way to obligate the state or any political subdivision thereof, except the district.
Source: L. 69: p. 725, § 1. C.R.S. 1963: § 89-20-46.
Frequently Asked Questions About Colorado § 32-9-145
What does Colorado Revised Statutes § 32-9-145 cover?
Section 32-9-145 ("Limitations upon liabilities.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 32-9-145?
A common citation format is "Colorado Revised Statutes § 32-9-145" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 32-9-145 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.