Title 07 · CRS Title 07

Unauthorized assumption of powers

Citation: C.R.S. § 7-80-105

Section: 7-80-105

7-80-105. Unauthorized assumption of powers. 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. Source: L. 90: Entire article added, p. 416, � 1, effective April 18.