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CO HB1371

Bill

Official Source

Status

Passed

5/29/2015

Primary Sponsor

Daniel Pabon

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Adds definition of "Lawyer COLTAF Trust Account" to Colorado Revised Statutes 38-13-102(8.1) as a Colorado Lawyer Trust Account Foundation account holding client or third-party funds that are nominal in amount or expected to be held for a short period.

  • Creates new statute 38-13-108.3 exempting funds held in Lawyer COLTAF Trust Accounts from the state's Unclaimed Property Act.

  • Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.

  • Bill was approved by Governor John W. Hickenlooper.

Legislative Description

Exempt Lawyer Trust Acct Funds From Unclaimed Prop

Last Action

Governor Signed

5/29/2015

Committee Referrals

Finance4/27/2015
Finance4/21/2015

Full Bill Text

No bill text available