Colorado § 38-36-186 Fees paid registrar upon registration - disposition

Colorado Statutes

§ 38-36-186 — Fees paid registrar upon registration - disposition

Colorado·Title 38 Property -·Art. Torrens Title Registration Act

(1)Upon the original registration of land under this article, and also upon the entry of a certificate showing title as registered owners in heirs or devisees, there shall be paid to the registrar of titles one-tenth of one percent of the valuation for assessment of the real estate on the basis of the last assessment for general taxation, as an assurance fund.

(2)All sums of money received by the registrar, as provided for in subsection

(1)of this section, shall be forthwith paid by the registrar to the county treasurer of the county in which the land lies for the purpose of an assurance fund under the terms of this article. It is the duty of the county treasurer, whenever the amount on hand in said assurance fund is sufficient, to invest the same, principal and income, and r

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(1) Upon the
original registration of land under this article, and also upon the entry of a
certificate showing title as registered owners in heirs or devisees, there shall be
paid to the registrar of titles one-tenth of one percent of the valuation for
assessment of the real estate on the basis of the last assessment for general
taxation, as an assurance fund.

(2) All sums of money received by the registrar, as provided for in subsection
(1) of this section, shall be forthwith paid by the registrar to the county treasurer of
the county in which the land lies for the purpose of an assurance fund under the
terms of this article. It is the duty of the county treasurer, whenever the amount on
hand in said assurance fund is sufficient, to invest the same, principal and income,
and report annually to the district court the condition and income thereof. No
investment of the funds, or any part thereof, shall be made without the approval of
said court by order entered of record. Said fund shall be invested only in securities
meeting the investment requirements established in part 6 of article 75 of title 24,
C.R.S.

Colorado § 38-36-186 (Fees paid registrar upon registration - disposition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 03: p. 345, �� 83, 84. R.S. 08: �� 799, 800. C.L. �� 5009, 5010. CSA: C. 40, �� 254, 255. CRS 53: �� 118-10-86, 118-10-87. C.R.S. 1963: �� 118-10-86, 118-10-87. L. 89: (2) amended, p. 1126, � 56, effective July 1.