C.R.S. § 7-129-103

7-129-103. Mandatory indemnification of directors

Year: 2026Length: 61 wordsOfficial source
7-129-103. Mandatory indemnification of directors. 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.
C.R.S. § 7-129-103: 7-129-103. Mandatory indemnification of directors | Justis AI