Colorado Statutes
§ 38-13-601 — Definition of good faith
(1)In this part 6, payment or delivery of
property is made in good faith if a holder:
(a)Had a reasonable basis for believing, based on the facts then known, that
the property was required or permitted to be paid or delivered to the administrator
under this article 13; or
(b)Made payment or delivery:
(I)In response to a demand by the administrator or administrator's agent; or
(II)Under a guidance or ruling issued by the administrator that the holder
reasonably believed required or permitted the property to be paid or delivered.
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Legislative History
Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 431, � 1, effective
July 1, 2020.
Nearby Sections
15
§ 38-1-101.5
Necessity of taking land for pipelines§ 38-1-101.7
Limitations on the use of right-of-way§ 38-1-102
Petition - contents - parties§ 38-1-103
Summons - return - publication§ 38-1-104
Trial - amendments - rules§ 38-1-106
Jury§ 38-1-108
Order of possession§ 38-1-109
Intervention - cross petition§ 38-1-110
Appellate review§ 38-1-111
Possession pending appeal§ 38-1-112
Payment to clerk or owner§ 38-1-113
Verdict recorded§ 38-1-115
Contents of report or verdict