Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House committee advances Colorado Avoidable Transaction Act after amendments
Summary
The House Finance Committee moved Senate Bill 133, renaming and modernizing Colorado's voidable-transaction law, to the Committee of the Whole with a super-favorable recommendation after sponsors accepted a technical amendment and described stakeholder changes.
Senate Bill 133, which sponsors described as a modernization of Colorado's law on fraudulent or voidable asset transfers, was advanced by the House Finance Committee to the Committee of the Whole on a super-favorable recommendation.
The bill, introduced by Representative Camacho and co-prime Representative Soper, would rename the Colorado Uniform Fraudulent Transfer Act (CUFTA) to the Colorado Avoidable Transaction Act and update definitions, choice-of-law and treatment of electronic records to align with contemporary business practices. "This bill represents an important modernization of our state's legal framework for addressing…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
