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CO SB133

Bill

Status

Passed

4/7/2025

Primary Sponsor

John Carson

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Origin

Senate

2025 Regular Session

AI Summary

  • Renames the "Colorado Uniform Fraudulent Transfer Act" to the "Colorado Voidable Transactions Act" and replaces the term "fraudulent" with "voidable" throughout the statute

  • Extends the statute of limitations for claims under section 38-8-106(2) from one year to four years after a transfer was made to an insider for an antecedent debt

  • Establishes that creditors bear the burden of proving claims by a preponderance of the evidence, while transferees must prove good faith defenses

  • Adds new definitions for "electronic," "entity," "record," and "sign" to modernize the statute and align with federal electronic signature laws

  • Aligns Colorado's insolvency definition with federal bankruptcy code (11 U.S.C. § 101(32)) and removes the prior partnership-specific insolvency calculation

Legislative Description

Colorado Voidable Transactions Act

Financial Services & Commerce

Last Action

Governor Signed

4/7/2025

Committee Referrals

Committee of the Whole3/10/2025
Finance3/3/2025
Finance2/5/2025

Full Bill Text

No bill text available