Colo. Rev. Stat. § 7-123-105

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 7-123-105 - Actions against nonprofit corporations

Any other provision of law to the contrary notwithstanding, any civil action permitted under the law of this state may be brought against any nonprofit corporation, and the assets of any nonprofit corporation that would, but for articles 121 to 137 of this title, be immune from levy and execution on any judgment shall nonetheless be subject to levy and execution to the extent that such nonprofit corporation would be reimbursed by proceeds of liability insurance policies carried by it were judgment levied and executed against its assets.

C.R.S. § 7-123-105

L. 97: Entire article added, p. 667, § 3, effective 7/1/1998. L. 2003: Entire section amended, p. 2337, § 288, effective 7/1/2004.