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resources / Statutes / Colorado Common Interest Ownership Act / §38-33.3-104

Title 7 – Corporations and Associations

Article 122 – Incorporation

Unauthorized assumption of corporate powers

All persons purporting to act as or on behalf of a nonprofit corporation without authority to do so and without good-faith belief that they have such authority shall be jointly and severally liable for all liabilities incurred or arising as a result thereof.