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All persons who assume to act as a limited liability company without authority to do so and without good-faith belief that they have such authority shall be jointly and severally liable for all debts and liabilities incurred by such persons so acting.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 7. Corporations and Associations § 7-80-105. Unauthorized assumption of powers - last updated January 01, 2019 | https://codes.findlaw.com/co/title-7-corporations-and-associations/co-rev-st-sect-7-80-105/
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