Colorado Statutes

§ 38-20-205 — Foreclosure

Colorado·Title 38 Property -·Art. Lien on Personal Property
(1)(a) If any charges for which a lien has been filed pursuant to section 38-20-204 are not paid not more than thirty days after the date such charges are due, the lienor or the lienor's assignee may file a foreclosure action in the county or district court of the county or city and county in which:
(I)The contract between the lienor and the owner of the livestock was entered into;
(II)The owner resided at the time the foreclosure action commenced; or
(III)The livestock are located.
(b)For purposes of this subsection (1), if the contract between the owner and the lienor provides for continuing payments, such payments may be deemed to be due after the default of any installment or payment, at the option of the lienor.
(2)If a lienor sells or otherwise disposes of an owner's

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Legislative History

Source: L. 96: Entire part added, p. 1388, � 11, effective July 1.

Nearby Sections

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