17-7103. Effect of certain transactions on liability.
17-7103
17-7103. Effect of certain transactions on
liability.
The liability of a corporation of this state, or the stockholders, directors or
officers thereof, or the rights or remedies of the creditors thereof, or of
persons doing or transacting business with the corporation, shall not in any
way be lessened or impaired by the voluntary transfer or sale of the assets,
properties and other rights of the corporation, or by the increase or decrease
in the capital stock of the corporation, or by its merger or consolidation with
one or more corporations, or other entities, or by any change or amendment in
its articles of incorporation.
History: L. 1972, ch. 52, § 122;
L. 2004, ch. 143, § 75; Jan. 1, 2005.