Colorado § 44-20-428 Reimbursement for disapproving sale

Colorado Statutes

§ 44-20-428 — Reimbursement for disapproving sale

Colorado § 44-20-428

Title 44Revenue -

Art.Sale of Self-propelled Vehicles

This text of Colorado § 44-20-428 (Reimbursement for disapproving sale) 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. § 44-20-428 (2026).

Text

A manufacturer or
distributor shall pay reasonable attorney fees, not to exceed the usual and
customary fees charged for the transfer of a franchise, and reasonable expenses
that are incurred by the proposed owner or transferee before the manufacturer or
distributor exercised its right of first refusal in negotiating and implementing the
contract for the proposed change of ownership or the transfer of assets. Payment
of attorney fees and expenses is not required if the claimant has failed to submit an
accounting of attorney fees and expenses within twenty days after the receipt of
the manufacturer's or dealer's written request for an accounting. An expense
accounting may be requested by the manufacturer or distributor before exercising
its right of first refusal.

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A manufacturer or
distributor shall pay reasonable attorney fees, not to exceed the usual and
customary fees charged for the transfer of a franchise, and reasonable expenses
that are incurred by the proposed owner or transferee before the manufacturer or
distributor exercised its right of first refusal in negotiating and implementing the
contract for the proposed change of ownership or the transfer of assets. Payment
of attorney fees and expenses is not required if the claimant has failed to submit an
accounting of attorney fees and expenses within twenty days after the receipt of
the manufacturer's or dealer's written request for an accounting. An expense
accounting may be requested by the manufacturer or distributor before exercising
its right of first refusal.