Colorado § 15-20-110 - Protection of third person.
Full text of Colorado Colorado Revised Statutes § 15-20-110 — Protection of third person., with citation guidance and answers to common questions.
§ 15-20-110. Protection of third person.
(1) With respect to property to which this act applies, a person is not liable under this act to the extent the person:
(a) Transacts in good faith and for value:
(I) With a community property spouse;
(II) After the death of the decedent, with a surviving community property spouse, personal representative, heir, devisee, or nonprobate transferee of the decedent; or
(III) With a fiduciary acting on behalf of any such person, or a trustee of a trust holding community property; and
(b) Does not know or have reason to know that the other party to the transaction is exceeding or improperly exercising the party's authority.
(2) Good faith under subsection (1)(a) of this section does not require the person to inquire into the extent or propriety of the exercise of authority by the other party to the transaction.
Source: L. 2023: Entire article R&RE, (SB 23-100), ch. 30, p. 106, § 1, effective July 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 15-20-110
What does Colorado Revised Statutes § 15-20-110 cover?
Section 15-20-110 ("Protection of third person.") 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 § 15-20-110?
A common citation format is "Colorado Revised Statutes § 15-20-110" (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 § 15-20-110 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.