Colorado § 15-12-909 Improper distribution - liability of distributee

Colorado Statutes

§ 15-12-909 — Improper distribution - liability of distributee

Colorado·Title 15 Probate,·Art. Probate of Wills and Administration

Unless the
distribution or payment no longer can be questioned because of adjudication,
estoppel, or limitation, a distributee of property improperly distributed or paid, or a
claimant who was improperly paid, is liable for return of the property improperly
received and its income since distribution if he has the property. If he does not have
the property, then he is liable for return of the value as of the date of disposition of
the property improperly received and its income and gain received by him.

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Unless the
distribution or payment no longer can be questioned because of adjudication,
estoppel, or limitation, a distributee of property improperly distributed or paid, or a
claimant who was improperly paid, is liable for return of the property improperly
received and its income since distribution if he has the property. If he does not have
the property, then he is liable for return of the value as of the date of disposition of
the property improperly received and its income and gain received by him.

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