Colorado § 13-64-208 Funding the obligation

Colorado Statutes

§ 13-64-208 — Funding the obligation

Colorado § 13-64-208

Title 13Courts

Art.Health Care Availability Act

This text of Colorado § 13-64-208 (Funding the obligation) 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. § 13-64-208 (2026).

Text

(1)If the court enters a judgment for periodic payments under this part 2, then each party liable for all or a portion of the judgment, unless found to be incapable of doing so, shall separately or jointly with one or more others provide the funding for the periodic payments in a form prescribed in section 13-64-207, within sixty days after the date the judgment is entered. A liability insurer having a contractual obligation and any other person adjudged to have an obligation to pay all or part of a judgment for periodic payments on behalf of a judgment debtor is obligated to provide such funding to the extent of its contractual or adjudged obligation if the judgment debtor has not done so.

(2)A judgment creditor or successor in interest and any party having rights under subse

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(1) If the court enters a judgment for
periodic payments under this part 2, then each party liable for all or a portion of the
judgment, unless found to be incapable of doing so, shall separately or jointly with
one or more others provide the funding for the periodic payments in a form
prescribed in section 13-64-207, within sixty days after the date the judgment is
entered. A liability insurer having a contractual obligation and any other person
adjudged to have an obligation to pay all or part of a judgment for periodic
payments on behalf of a judgment debtor is obligated to provide such funding to
the extent of its contractual or adjudged obligation if the judgment debtor has not
done so.

(2) A judgment creditor or successor in interest and any party having rights
under subsection (4) of this section may move that the court find that funding has
not been provided with regard to a judgment obligation owing to the moving party.
Upon so finding, the court shall order that funding complying with this article be
provided within thirty days. If funding is not provided within that time and
subsection (3) of this section does not apply, then the court shall calculate the
present value of the periodic payment obligation and enter a judgment for that
amount in favor of the moving party.

(3) If a judgment debtor who is the only person liable for a portion of a
judgment for periodic payments fails to provide funding, then the right to present
value payment described in subsection (2) of this section applies only against that
judgment debtor and the portion of the judgment so owed.

(4) If more than one party is liable for all or a portion of a judgment requiring
funding under this part 2 and the required funding is provided by one or more but
fewer than all of the parties liable, the funding requirements are satisfied and those
providing funding may proceed under subsection (2) of this section to enforce
rights for funding or present value payment to satisfy or protect rights of
reimbursement from a party not providing funding.