§ 38-41-116 — Actions to enforce contracts of sale

Colorado § 38-41-116

• Jurisdiction: Colorado
• Title 38: Property -
• Art.: Limitations - Homestead Exemptions

Text

No action or proceeding
whatsoever shall be brought or maintained by any person to enforce or procure any
right or title accorded to the purchaser under any contract for the purchase and
sale of real property if such person is not in possession of the real property
described in and the subject of such contract of purchase and sale unless such
action or proceeding is commenced within ten years of the day or the happening of
the event appointed in said contract for the delivery by the seller of a deed of
conveyance of the property therein agreed to be purchased and sold. If no day is
appointed in such contract for the delivery of such conveyance, then such action or
proceeding shall be commenced within ten years of the day on which the last and
final installment of the purchase price would have been paid but not thereafter.

Legislative History

Source: L. 53: p. 205, � 1. CRS 53: � 118-7-16. C.R.S. 1963: � 118-7-16. L. 75: Entire section amended, p. 225, � 85, effective July 16.