Colorado Statutes
§ 15-12-903 — Right of retainer
Unless a contrary intent is indicated by the will,
the amount of a noncontingent indebtedness of a successor to the estate if due, or
its present value if not due, shall be offset against the successor's interest; but the
successor has the benefit of any defense which would be available to him in a direct
proceeding for recovery of the debt.
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Legislative History
Source: L. 73: R&RE, p. 1598, � 1. C.R.S. 1963: � 153-3-903.
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 fiduciary