Colorado Statutes
§ 10-3-545 — Termination of proceedings
(1)When all assets justifying the
expense of collection and distribution have been collected and distributed under
this part 5, the liquidator shall apply to the court for discharge. The court may grant
the discharge and make any other orders, including an order to transfer any
remaining funds that are uneconomic to distribute, as may be deemed appropriate.
(2)Any other person may apply to the court at any time for an order under
subsection (1) of this section. If the application is denied, the applicant shall pay the
costs and expenses of the liquidator in resisting the application, including a
reasonable attorney fee.
Free access — add to your briefcase to read the full text and ask questions with AI
Colorado § 10-3-545 (Termination of proceedings) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: L. 92: Entire part R&RE, p. 1477, � 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 states