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2017 Colorado Revised Statutes
Title 7 - Corporations and Associations
Corporations - Continued
Article 129 - Indemnification
§ 7-129-103. Mandatory indemnification of directors
Universal Citation: CO Rev Stat ยง 7-129-103 (2017)
Unless limited by its articles of incorporation, a nonprofit corporation shall indemnify a person who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the person was a party because the person is or was a director, against reasonable expenses incurred by the person in connection with the proceeding.
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