Colorado § 10-7-205 - Exemption from execution.
Full text of Colorado Colorado Revised Statutes § 10-7-205 — Exemption from execution., with citation guidance and answers to common questions.
§ 10-7-205. Exemption from execution.
No policy of group insurance, nor the proceeds thereof, when paid to any employee thereunder, shall be liable to attachment, garnishment, or other process, or be seized, taken, appropriated, or applied by any legal or equitable process or operation of law, to pay any debt or liability of such employee, or his beneficiary, or any other person who may have a right thereunder, either before or after payment, nor shall the proceeds thereof, where not made payable to a named beneficiary, constitute a part of the estate of the employee for the payment of his debts.
Source: L. 19: p. 443, § 4. C.L. § 2597. CSA: C. 87, § 167. CRS 53: § 72-6-5. C.R.S. 1963: § 72-6-5.
Cross references: For property and earnings exempt from execution, see article 54 of title 13.
ANNOTATION
A named beneficiary of a group life insurance policy is entitled to exempt the policy proceeds under this section. This section provides an exemption pursuant to which a named beneficiary may claim an exemption in the proceeds of a policy of group life insurance, as against the debts of the insured or of the beneficiary himself or herself. In re Fahey, 352 B.R. 288 (Bankr. D. Colo. 2006).
Frequently Asked Questions About Colorado § 10-7-205
What does Colorado Revised Statutes § 10-7-205 cover?
Section 10-7-205 ("Exemption from execution.") 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 § 10-7-205?
A common citation format is "Colorado Revised Statutes § 10-7-205" (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 § 10-7-205 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.