Colorado § 38-33-109 - Unit owners' liability.
Full text of Colorado Colorado Revised Statutes § 38-33-109 — Unit owners' liability., with citation guidance and answers to common questions.
§ 38-33-109. Unit owners' liability.
In any suit or arbitration against a condominium unit owners' association wherein damages are awarded or settlement is made, the individual unit owner's liability in his capacity as a percentage owner of the general or limited common elements or as a member of the condominium association shall not exceed the amount of damages or settlement multiplied by his percentage ownership in the general or limited common elements, as the case may be. In the case of incorporation by unit owners, their liability as stockholders shall be determined as any other corporate stockholder.
Source: L. 75: Entire section added, p. 1434, § 1, effective January 1, 1976.
ANNOTATION
Law reviews. For symposium on condominium law and practice, see 11 Colo. Law. 2734 (1982). For article, "Commercial Condominium Association Considerations", see 12 Colo. Law. 1090 (1983).
Frequently Asked Questions About Colorado § 38-33-109
What does Colorado Revised Statutes § 38-33-109 cover?
Section 38-33-109 ("Unit owners' liability.") 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 § 38-33-109?
A common citation format is "Colorado Revised Statutes § 38-33-109" (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 § 38-33-109 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.