{"data":{"id":"us-co/c.r.s.-7-108-403","jurisdiction":"us-co","citation":"C.R.S. § 7-108-403","heading":"Limitation of certain liabilities of directors and officers.","body":"A director or officer is not personally liable for any injury to person or property arising out of a tort committed by an employee unless the director or officer was personally involved in the situation giving rise to the litigation or unless the director or officer committed a criminal offense in connection with the situation. The protection afforded in this section does not restrict other common-law protections and rights that a director or officer may have.","path":["Title 7 - CORPORATIONS AND ASSOCIATIONS","Article 108 - Directors and Officers","Part 4 - STANDARDS OF CONDUCT"],"source_url":"https://olls.info/crs/crs2026-title-07.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"82d66a0c4f35fa3c82df549e115eaee7aa6d0b9f2ad5b31ef24603550fcfd565","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-7-108-402","next":"us-co/c.r.s.-7-108-404"},"notice":"GroundRules: Original legal text. Not legal advice."}