Colo. Rev. Stat. § 7-90-915

Current through Acts effective through 7/1/2024 of the 2024 Legislative Session
Section 7-90-915 - Manager duties
(1) A manager shall cause the dissolved domestic entity to discharge or make reasonable provision for the payment of claims and make distributions of assets to owners after payment or provision for claims.
(2) A manager of a dissolved domestic entity that has disposed of claims under section 7-90-911, 7-90-912, or 7-90-914 is not liable for breach of subsection (1) of this section with respect to claims against the dissolved domestic entity that are barred or satisfied under section 7-90-911, 7-90-912, or 7-90-914.

C.R.S. § 7-90-915

Added by 2019 Ch. 166,§ 24, eff. 7/1/2020.

Section 72 of chapter 166 (SB 19-086), Session Laws of Colorado 2019, provides that the act adding this section applies to conduct occurring on or after July 1, 2020.