Limitation of certain liabilities of directors and officers

7-108-403. Limitation of certain liabilities of directors and officers. 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. Source: L. 2019: Entire part amended with relocations, (SB 19-086), ch. 166, p. 1932, � 35, effective July 1, 2020. Editor's note: This section is similar to former � 7-108-402 as it existed prior to 2020, and the former � 7-108-403 was relocated to � 7-108-405.