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Home » US Law » 2022 Colorado Code » Title 6 - Consumer and Commercial Affairs » Article 10 - Assignments in General

§ 6-10-121. Additional Security – When

The assignee, from time to time, shall file with the clerk of the court an inventory and valuation of any additional property which may come into his hands after the first inventory; and the judge, or, in his absence, the clerk, may thereupon require the assignee to give additional security. Source: L. 1897: p. 99, […]

§ 6-10-122. Appearance Compelled – When

The court, upon the application of the assignee, or of any creditor, may compel the appearance in person of the debtor, or any other witness, before the court, or a commissioner appointed by the court, at any time designated, to answer under oath such matters as may be inquired of him. Such debtor or other […]

§ 6-10-123. Misappropriation by Debtor

No assignment shall be invalid because of misappropriation of the property of the debtor by him prior to the assignment, but the assignee may recover such property, if so misappropriated in fraud of this article. Nothing in this article shall invalidate any conveyance or mortgage of property, real or personal, by the debtor before the […]

§ 6-10-124. Debts Not Due – Interest

Debts not due may be claimed, but if the same are not bearing interest, a suitable rebate shall be made. Interest shall be computed to the date of the assignment and not afterwards. Source: L. 1897: p. 100, § 21. R.S. 08: § 197. C.L. § 6264. CSA: C. 12, § 24. CRS 53: § […]

§ 6-10-125. Creditors May Appoint an Attorney

The majority in number and value of the creditors may appoint, in writing, an attorney-at-law to represent the estate before the court. The attorney, if appointed, shall examine all reports and inventories and books of the assignee and inquire fully as to the conduct of the assignee in the discharge of his trust. He may […]

§ 6-10-126. Waiver of Proceedings by Parties

At any time after an assignment has been made, the assignor, the creditors, and the assignee of such assignor may agree in writing that all proceedings to be had before the court under the provisions of this article, may be waived. Upon the filing of such agreement with the clerk of the proper court, the […]

§ 6-10-128. Trust Closed in One Year

The assignee shall close his trust within one year from the filing of the deed of assignment unless the court for good cause shown, extends the time. Source: L. 1897: p. 101, § 25. R.S. 08: § 201. C.L. § 6268. CSA: C. 12, § 28. CRS 53: § 11-1-28. C.R.S. 1963: § 11-1-28.

§ 6-10-129. Property Exempt From Assignment

No deed of assignment shall be invalid which excepts from the operation thereof the property which by law is not subject to levy and sale under execution. Source: L. 1897: p. 101, § 26. R.S. 08: § 202. C.L. § 6269. CSA: C. 12, § 29. CRS 53: § 11-1-29. C.R.S. 1963: § 11-1-29.

§ 6-10-130. Preferred Claims

The valid claims of servants, laborers, and employees of the assignor, for wages earned during the six months immediately preceding the date of the assignment, not to exceed fifty dollars, to any one person then unpaid, which claims are still held by the person who earned them, and all taxes assessed under the laws of […]

§ 6-10-131. Action on Bond of Assignee

Any creditor may maintain an action on the bond of the assignee, for any damages such creditor may have sustained, by reason of assignee’s acts or his failure to act. Source: L. 1897: p. 101, § 28. R.S. 08: § 204. C.L. § 6271. CSA: C. 12, § 31. CRS 53: § 11-1-31. C.R.S. 1963: […]

§ 6-10-132. Foreclosure of Mortgage on Property

No mortgage, deed of trust, or other security, real or personal, securing the payment of claims against the assigned estate shall be foreclosed within one year from the making of the assignment except upon order of court. No such mortgage, deed of trust, or other security shall be foreclosed except by suit, unless the claim […]

§ 6-10-151. Jurisdiction of District Court

The district court in the proper county has jurisdiction in the matter of assignments and petitions for discharge under this article. Source: L. 1897: p. 110, § 47. R.S. 08: § 223. C.L. § 6290. CSA: C. 12, § 50. CRS 53: § 11-1-51. C.R.S. 1963: § 11-1-51. L. 64: p. 206, § 9.

§ 6-10-152. Colorado Rules of Civil Procedure Apply

The provisions of the Colorado rules of civil procedure shall be applicable, except as otherwise provided in this article, and shall control in all proceedings under this article. Source: L. 1897: p. 110, § 49. R.S. 08: § 225. C.L. § 6292. CSA: C. 12, § 52. CRS 53: § 11-1-53. C.R.S. 1963: § 11-1-53.

§ 6-10-153. Property Under Jurisdiction of Court

In all assignments for the benefit of creditors made in this state, the district court in and for the county in which such deed of assignment is recorded as now provided by law has full power and complete jurisdiction over all the property, real, personal, and mixed, conveyed by such assignment from the date of […]

§ 6-10-154. Disposition of Property When No Market

When any difficulty is encountered by the assignee in converting the assigned property of any assignment, or any part thereof, into cash on account of there being no sufficient market therefor, or for any other good reason, the court may direct by such order as described in section 6-10-153 the distribution of such property in […]