Colorado § 10-20-118 - Stay of proceedings - reopening default judgments.
Full text of Colorado Colorado Revised Statutes § 10-20-118 — Stay of proceedings - reopening default judgments., with citation guidance and answers to common questions.
§ 10-20-118. Stay of proceedings - reopening default judgments.
All proceedings in which the impaired or insolvent insurer is a party in any court in this state shall be stayed for one hundred eighty days after the date an order of conservation, rehabilitation, or liquidation is final to permit proper legal action by the association on any matters germane to its powers or duties. As to judgment under any decision, order, verdict, or finding based on default, the association may apply to have the judgment set aside by the same court that issued the judgment and shall be permitted to defend against such suit on the merits.
Source: L. 91: Entire article added, p. 1280, § 1, effective July 1. L. 2013: Entire section amended, (SB 13-032), ch. 34, p. 99, § 10, effective March 15.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-20-118
What does Colorado Revised Statutes § 10-20-118 cover?
Section 10-20-118 ("Stay of proceedings - reopening default judgments.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-20-118?
A common citation format is "Colorado Revised Statutes § 10-20-118" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-20-118 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.