§ 13-20-204 — Certain contracts made in settlement of claims void

Colorado § 13-20-204

• Jurisdiction: Colorado
• Title 13: Courts
• Art.: Actions

Text

(1) All
contracts and instruments of every kind, name, nature, or description which may be
executed within this state in payment, satisfaction, settlement, or compromise of
any claim or cause of action abolished or barred by this part 2, whether such claim
or cause of action arose within or without this state, are declared to be contrary to
the public policy of this state and absolutely void. It is unlawful to cause, induce, or
procure any person to execute such a contract or instrument; or cause, induce, or
procure any person to give, pay, transfer, or deliver any money or thing of value in
payment, satisfaction, settlement, or compromise of any such claim or cause of
action; or to receive, take, or accept any such money or thing of value as such
payment, satisfaction, settlement, or compromise. It is unlawful to commence or
cause to be commenced, either as party, attorney, or agent or otherwise in behalf of
either, in any court of this state any proceeding or action seeking to enforce or
recover upon any such contract or instrument, knowing it to be such, whether the
same was executed within or without this state.

(2) This section shall not apply to the payment, satisfaction, settlement, or
compromise of any causes of action which are not abolished or barred by this part
2, or any contracts or instruments executed on or before April 27, 1937, or to the
bona fide holder in due course of any negotiable instrument which may be executed
in pursuance of this statute.

Legislative History

Source: L. 37: p. 405, � 5. CSA: C. 24A, � 5. CRS 53: � 41-3-4. C.R.S. 1963: � 41-3-4.