Colorado § 7-42-118 - Liability of stockholders, directors, and officers.
Full text of Colorado Colorado Revised Statutes § 7-42-118 — Liability of stockholders, directors, and officers., with citation guidance and answers to common questions.
§ 7-42-118. Liability of stockholders, directors, and officers.
Stockholders, directors, and officers of corporations formed under the provisions of this article shall enjoy the same measure of immunity from liability for corporate acts or omissions as stockholders, directors, and officers of corporations formed under the "Colorado Business Corporation Act", articles 101 to 117 of this title, or as members, directors, and officers of nonprofit corporations formed under the "Colorado Revised Nonprofit Corporation Act", articles 121 to 137 of this title.
Source: L. 86: Entire section added, p. 1092, § 2, effective May 16. L. 93: Entire section amended, p. 855, § 8, effective July 1, 1994. L. 97: Entire section amended, p. 756, § 9, effective July 1, 1998.
ARTICLE 43
Flume and Pipeline Companies
7-43-101. Certificate for flume companies. (Repealed)
7-43-102. Certificate for pipeline companies.
7-43-103. Nonprofit corporations - powers.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-42-118
What does Colorado Revised Statutes § 7-42-118 cover?
Section 7-42-118 ("Liability of stockholders, directors, and officers.") 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 § 7-42-118?
A common citation format is "Colorado Revised Statutes § 7-42-118" (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 § 7-42-118 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.