resources / Statutes / Colorado Common Interest Ownership Act / §7-134-203

Title 7 – Corporations and Associations

Article 126 – Members and Memberships

Creditor’s action against member

No proceeding may be brought by a creditor to reach the liability, if any, of a member to the nonprofit corporation unless final judgment has been rendered in favor of the creditor against the nonprofit corporation and execution has been returned unsatisfied in whole or in part or unless such proceeding would be useless.