Colorado Statutes
§ 38-24.7-107 — Acknowledgment of satisfaction of lien - penalty
Colorado § 38-24.7-107
This text of Colorado § 38-24.7-107 (Acknowledgment of satisfaction of lien - penalty) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 38-24.7-107 (2026).
Text
Whenever
the indebtedness giving rise to a lien under this article is paid and satisfied, the
lienor has the duty to acknowledge satisfaction of the indebtedness and to
discharge the lien of record. If any lienor fails to acknowledge satisfaction and
discharge of the lien within thirty days after being requested to do so by a person
having a property interest in the assets and property of the retailer or other
commercial user, including the stock in trade, business fixtures, and equipment
owned or used by the retailer or other commercial user in the conduct of the
retailer's or other commercial user's business, the lienor is liable to any person
injured in the amount of the injury and the costs of the action.
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Legislative History
Source: L. 2016: Entire article added, (SB 16-166), ch. 357, p. 1487, � 1,
effective August 10.
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 verdictCite This Page — Counsel Stack
Bluebook (online)
Colorado § 38-24.7-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/38/38-24.7-107.