C.R.S. Section 7-109-103
Mandatory indemnification of directors


Unless limited by its articles of incorporation, a corporation shall indemnify an individual who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the individual was a party because the individual is or was a director, against reasonable expenses incurred by the individual in connection with the proceeding.

Source: Section 7-109-103 — Mandatory indemnification of directors, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-07.­pdf (accessed May 26, 2025).

Current through Fall 2025

§ 7-109-103. Mandatory indemnification of directors's source at colorado​.gov