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CO SB133
Bill
AI Summary
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Renames the "Colorado Uniform Fraudulent Transfer Act" to the "Colorado Voidable Transactions Act" and replaces the term "fraudulent" with "voidable" throughout the statute
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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
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Establishes that creditors bear the burden of proving claims by a preponderance of the evidence, while transferees must prove good faith defenses
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Adds new definitions for "electronic," "entity," "record," and "sign" to modernize the statute and align with federal electronic signature laws
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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