All persons who assume to act as a limited liability company without authority to do so and without good-faith belief that they have such authority shall be jointly and severally liable for all debts and liabilities incurred by such persons so acting.
C.R.S. § 7-80-105
Unauthorized assumption of powers
Known as the Colorado Limited Liability Company Act
The act spans §§ 7-80-101 to 7-80-902 (57 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.