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2017 Colorado Revised Statutes
Title 38 - Property - Real and Personal
Real Property
Article 33 - Condominium Ownership Act
§ 38-33-109. Unit owners' liability
Universal Citation: CO Rev Stat ยง 38-33-109 (2017)
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.
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