Colorado Statutes
§ 10-15-118 — Violation
(1)Any person who violates any provision of this article
15 commits a class 2 misdemeanor and shall be punished as provided in section 18-1.3-501. Any person who violates the trust fund provisions of this article 15 or any
other misappropriation of funds commits theft pursuant to section 18-4-401.
(2)The commissioner may apply to a court of competent jurisdiction for the
appointment of a receiver if the commissioner determines that such appointment is
necessary to protect the interests of the contract buyers.
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Legislative History
Source: L. 95: Entire article R&RE, p. 1045, � 1, effective May 25. L. 2002: (1)
amended, p. 1468, � 28, effective October 1. L. 2021: (1) amended, (SB 21-271), ch.
462, p. 3149, � 117, effective March 1, 2022.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other states