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2020 Colorado Revised Statutes
Title 7 - Corporations And Associations
Article 102. Incorporation
Section 7-102-104. Unauthorized assumption of corporate powers.
Universal Citation: CO Rev Stat § 7-102-104 (2020)
All persons purporting to act as or on behalf of a corporation without authority to do so and without good faith belief that they have such authority shall be jointly and severally liable for all liabilities incurred or arising as a result thereof.
Source: L. 93: Entire article added, p. 744, § 1, effective July 1, 1994.
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