§ 6-10-132 — Foreclosure of mortgage on property

No mortgage, deed of trust,
or other security, real or personal, securing the payment of claims against the
assigned estate shall be foreclosed within one year from the making of the
assignment except upon order of court. No such mortgage, deed of trust, or other
security shall be foreclosed except by suit, unless the claim secured is first proved
and allowed by such court. When such claim is so proved and allowed, the court
may order a foreclosure of the mortgage, deed of trust, or other security within one
year from the making of the assignment. The lien of the mortgage, trust deed, or
other security affected by this article shall not be impaired by the suspension of the
remedy provided in this section.

Legislative History

Source: L. 1897: p. 101, � 29. R.S. 08: � 205. C.L. � 6272. CSA: C. 12, � 32. CRS 53: � 11-1-32. C.R.S. 1963: � 11-1-32.