Colo. Rev. Stat. § 7-30-111

Current through Acts effective through 7/1/2024 of the 2024 Legislative Session
Section 7-30-111 - Claim not abated by change of members or officers

A claim for relief against a nonprofit association does not abate merely because of a change in its members, persons authorized to manage the affairs of the nonprofit association, or persons considered by the nonprofit association to be members.

C.R.S. § 7-30-111

L. 94: Entire article added, p. 1275, § 1, effective May 22.

OFFICIAL COMMENT

This provision reverses the common law rule of partnerships, which courts often extended to unincorporated, nonprofit associations. Uniform Partnership Act Sections 29 and 31(4). This Act's entity approach requires this change of the old common law rule. Similar provisions are found in many state statutes. See, for example, Ohio Rev. Code Ann., Corporations, Section 1745.04 (Baldwin 1991); Md. Ann. Code art. 6-406(a)(2); and 12 Vt. Stat. Ann. Section 815 (Equity Pub. 1973 ).