Colorado § 8-10-103 Payment - prorating - prior mortgage not impaired

Colorado Statutes

§ 8-10-103 — Payment - prorating - prior mortgage not impaired

Colorado·Title 08 Labor and·Art. Preferred Claims

No claim
under this article shall be paid until after the expiration of the time in which to
present such claim. If the funds realized from the sale of the property seized are
insufficient to pay the total claims presented, such funds shall be prorated on such
claims. The provisions of this article shall not be construed to extend to creditors
who held a duly recorded mortgage upon the property attached which was given for
a debt actually existing from such mortgage before the labor was performed.

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No claim
under this article shall be paid until after the expiration of the time in which to
present such claim. If the funds realized from the sale of the property seized are
insufficient to pay the total claims presented, such funds shall be prorated on such
claims. The provisions of this article shall not be construed to extend to creditors
who held a duly recorded mortgage upon the property attached which was given for
a debt actually existing from such mortgage before the labor was performed.

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