# C.R.S. § 11-53-109: 11-53-109. Liability of principals, controlling persons, and others

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-109

## Section

- **Citation:** C.R.S. § 11-53-109
- **Heading:** 11-53-109. Liability of principals, controlling persons, and others
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 11 / Article 53 / Part 1 / Section 11-53-109

## Text

11-53-109. Liability of principals, controlling persons, and others. (1) The act, omission, or failure of any official, agent, or other person acting for any individual, association, partnership, corporation, or trust within the scope of his employment or office shall be deemed the act, omission, or failure of such individual, association, partnership, corporation, or trust, as well as of such official, agent, or other person.

(2) Every person who directly or indirectly controls another person liable under any provision of this article, every partner, officer, or director of such liable person, every person occupying a similar status or performing similar functions to such liable person, and every employee of such liable person who materially aids in the violation is also liable jointly and severally with and to the same extent as the person liable under the provisions of this article unless the person who is also liable by virtue of this subsection (2) sustains the burden of proof that the person did not know, and in exercise of reasonable care could not have known, of the existence of the facts by reason of which the liability is alleged to exist.

## Nearby sections

- [C.R.S. § 11-53-101 11-53-101. Short title](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-101.md)
- [C.R.S. § 11-53-102 11-53-102. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-102.md)
- [C.R.S. § 11-53-103 11-53-103. Unlawful commodity transactions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-103.md)
- [C.R.S. § 11-53-104 11-53-104. Exempt person transactions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-104.md)
- [C.R.S. § 11-53-105 11-53-105. Exempt transactions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-105.md)
- [C.R.S. § 11-53-106 11-53-106. Unlawful commodity activities](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-106.md)
- [C.R.S. § 11-53-107 11-53-107. Fraudulent conduct](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-107.md)
- [C.R.S. § 11-53-108 11-53-108. Misleading filings](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-108.md)
- [C.R.S. § 11-53-109 11-53-109. Liability of principals, controlling persons, and others](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-109.md)
- [C.R.S. § 11-53-110 11-53-110. Securities law unaffected](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-110.md)
- [C.R.S. § 11-53-111 11-53-111. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-111.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A53_P1_S11-53-109. Check the current official text before relying on it. Not legal advice.