Colorado Statutes
§ 10-3-540 — Secured creditors' claims
Colorado § 10-3-540
This text of Colorado § 10-3-540 (Secured creditors' claims) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 10-3-540 (2026).
Text
(1)The value of any security held by a
secured creditor shall be determined in one of the following ways, as the court may
direct:
(a)By converting the same into money according to the terms of the
agreement pursuant to which the security was delivered to such creditor; or
(b)By agreement, arbitration, compromise, or litigation between the creditor
and the liquidator.
(2)The determination shall be under the supervision and control of the court
with due regard for the recommendation of the liquidator. The amount so
determined shall be credited upon the secured claim, and any deficiency shall be
treated as an unsecured claim. If the claimant surrenders the security to the
liquidator, the entire claim shall be allowed as if unsecured.
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Legislative History
Source: L. 92: Entire part R&RE, p. 1474, � 14, effective July 1.
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 statesCite This Page — Counsel Stack
Bluebook (online)
Colorado § 10-3-540, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-3-540.