Colorado Revised Statutes Title 7. Corporations and Associations § 7-90-913. Enforcement of claims against a dissolved domestic entity

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

(1) A claim may be enforced under section 7-90-911 or 7-90-912 :

(a) Against the dissolved domestic entity to the extent of its undistributed assets;  and

(b) If assets have been distributed in liquidation, against an owner of the dissolved domestic entity;  except that an owner's total liability for all claims under this section shall not exceed the total value of assets distributed to the owner, as such value is determined at the time of distribution.  Any owner required to return any portion of the value of assets received by the owner in liquidation shall be entitled to contribution from all other owners.  Each such contribution shall be in accordance with the contributing owner's rights and interests and shall not exceed the value of the assets received by the contributing owner in liquidation.

Cite this article: FindLaw.com - Colorado Revised Statutes Title 7. Corporations and Associations § 7-90-913. Enforcement of claims against a dissolved domestic entity - last updated January 01, 2019 | https://codes.findlaw.com/co/title-7-corporations-and-associations/co-rev-st-sect-7-90-913.html


FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard