Colorado § 7-58-802 - No liability as director for limited cooperative association's obligations.
Full text of Colorado Colorado Revised Statutes § 7-58-802 — No liability as director for limited cooperative association's obligations., with citation guidance and answers to common questions.
§ 7-58-802. No liability as director for limited cooperative association's obligations.
A debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not a debt, obligation, or liability of a director solely by reason of being a director. An individual is not personally liable, directly or indirectly, for an obligation of an association solely by reason of being a director.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 791, § 1, effective April 2, 2012.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-58-802
What does Colorado Revised Statutes § 7-58-802 cover?
Section 7-58-802 ("No liability as director for limited cooperative association's obligations.") 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 § 7-58-802?
A common citation format is "Colorado Revised Statutes § 7-58-802" (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 § 7-58-802 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.