Ficor Inc‪.‬

We granted certiorari to review the decision of the Colorado Court of Appeals in McHugh v. Ficor, Inc., 43 Colo. App. 409, 611, 611 P.2d 578 p.2d 578 (1979), which upheld the judgment of the Denver District Court imposing joint and several liability upon the petitioners, who are the directors, officers, shareholders, and transferees of Ficor, Inc. (Ficor), because provisions were not made to protect the creditors of that corporation when it was dissolved. Also in dispute is the propriety of the trial court's ruling, upheld by the court of appeals, dismissing the petitioners' counterclaim for damages based on alleged fraud in the inducement of a contract by which Ficor agreed to purchase certain undeveloped mountain land. We affirm the decision of the court of appeals, with certain modifications which will be described.