Colorado § 15-15-227 Set-off

Colorado Statutes

§ 15-15-227 — Set-off

Colorado·Title 15 Probate,·Art. Nonprobate Transfers on Death

Without qualifying any other statutory right to set-off or
lien and subject to any contractual provision, if a party is indebted to a financial
institution, the financial institution has a right to set-off against the account. The
amount of the account subject to set-off is the proportion to which the party is, or
immediately before death was, beneficially entitled under section 15-15-211 or, in
the absence of proof of that proportion, an equal share with all parties.

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Without qualifying any other statutory right to set-off or
lien and subject to any contractual provision, if a party is indebted to a financial
institution, the financial institution has a right to set-off against the account. The
amount of the account subject to set-off is the proportion to which the party is, or
immediately before death was, beneficially entitled under section 15-15-211 or, in
the absence of proof of that proportion, an equal share with all parties.

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