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CO SB181
Bill
AI Summary
- Court orders granting or denying receiver appointments must be determined within 91 days; failure to rule results in immediate discharge of any previously appointed receiver
- Receiver appointments or retention orders require clear and convincing evidence, must mandate receiver bonds and annual reporting to court and parties, and expire unless the evidentiary standard is maintained
- Receiver appointment orders may be appealed on an interlocutory basis to the court of appeals for expedited de novo review, with the receivership estate paying appeal costs and fees
- Receivers are not immune from liability for gross negligence or willful breach of duty
- The statute does not apply to common interest community receiverships, county court proceedings, property worth less than $15,000, creditor security interest cases, or receiverships sought by the Department of Regulatory Agencies or Colorado Attorney General
Legislative Description
Immediate Appeal Order Appointing Receiver
Last Action
House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
5/4/2015
Committee Referrals
State, Veterans, and Military Affairs4/20/2015
Appropriations4/8/2015
Judiciary2/17/2015
Full Bill Text
No bill text available