Colorado § 7-126-203 - Creditor's action against member.

Full text of Colorado Colorado Revised Statutes § 7-126-203 — Creditor's action against member., with citation guidance and answers to common questions.

§ 7-126-203. Creditor's action against member.

No proceeding may be brought by a creditor to reach the liability, if any, of a member to the nonprofit corporation unless final judgment has been rendered in favor of the creditor against the nonprofit corporation and execution has been returned unsatisfied in whole or in part or unless such proceeding would be useless.

Source: L. 97: Entire article added, p. 672, § 3, effective July 1, 1998.

PART 3

RESIGNATION AND TERMINATION

Source: official Colorado text · Last verified 2026-08-27

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Frequently Asked Questions About Colorado § 7-126-203

What does Colorado Revised Statutes § 7-126-203 cover?

Section 7-126-203 ("Creditor's action against member.") 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 § 7-126-203?

A common citation format is "Colorado Revised Statutes § 7-126-203" (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 § 7-126-203 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.