Colorado Statutes
§ 15-12-1004 — Liability of distributees to claimants
Colorado § 15-12-1004
This text of Colorado § 15-12-1004 (Liability of distributees to claimants) 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. § 15-12-1004 (2026).
Text
After assets of an estate
have been distributed and subject to section 15-12-1006, an undischarged claim not
barred may be prosecuted in a proceeding against one or more distributees. No
distributee shall be liable to claimants for amounts received as exempt property or
family allowances or for amounts in excess of the value of his other distributions as
of the time of such distributions. As between distributees, each shall bear the cost
of satisfaction of unbarred claims as if the claim had been satisfied in the course of
administration. Any distributee who shall have failed to notify other distributees of
the demand made upon him by the claimant in sufficient time to permit them to join
in any proceeding in which the claim was asserted against him loses his right of
contributio
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Legislative History
Source: L. 73: R&RE, p. 1605, � 1. C.R.S. 1963: � 153-3-1004. L. 77: Entire
section amended, p. 834, � 20, effective July 1.
Nearby Sections
15
§ 15-1-1001
Legislative declaration§ 15-1-1006
References to Internal Revenue Code of 1954§ 15-1-1007
Application of part 10§ 15-1-101
Short title§ 15-1-102
Legislative declaration§ 15-1-103
Definitions§ 15-1-104
Prior transactions§ 15-1-105
Application of payments to fiduciary§ 15-1-109
Deposit in name of fiduciaryCite This Page — Counsel Stack
Bluebook (online)
Colorado § 15-12-1004, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/15/15-12-1004.