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2017 Colorado Revised Statutes
Title 7 - Corporations and Associations
Corporations - Continued
Article 126 - Members and Memberships
Part 2 - Types of Memberships - Members' Rights and Obligations
§ 7-126-203. Creditor's action against member
Universal Citation: CO Rev Stat ยง 7-126-203 (2017)
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.
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