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CO SB249
Bill
Status
Introduced
4/21/2011
Primary Sponsor
Lois Tochtrop
Click for details
AI Summary
- Establishes a 6-year statute of limitations for actions to recover debts for services rendered, money lent, money paid, money had and received, goods sold and delivered, or open or book accounts
- Applies the 6-year limit to all actions to recover liquidated debts or unliquidated, determinable amounts of money due, as well as enforcement of instrument-secured debts and replevin actions
- Maintains a 1-year statute of limitations exception for actions to recover pursuant to section 38-35-124.5(3), C.R.S.
- Specifies that disputing or challenging the reasonableness of an amount sought does not render that amount unliquidated or undeterminable for purposes of the 6-year limitation
- Becomes effective 90 days after final adjournment of the General Assembly (August 10, 2011, if adjournment occurs May 11, 2011), or upon voter approval in November 2012 if subject to referendum petition
Legislative Description
Statute Of Limitations Debt Collection
Last Action
Senate Committee on State, Veterans & Military Affairs Postpone Indefinitely
5/2/2011
Committee Referrals
State, Veterans & Military Affairs4/21/2011
Full Bill Text
No bill text available