Colorado § 30-20-409 - Remedies of bondholders.
Full text of Colorado Colorado Revised Statutes § 30-20-409 — Remedies of bondholders., with citation guidance and answers to common questions.
§ 30-20-409. Remedies of bondholders.
(1) Subject to any contractual limitations binding upon the holders of any issue of bonds, or trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion or percentage of such holders, any holder of bonds, or trustee therefor, shall have the right and power, for the equal benefit and protection of all holders of bonds similarly situated:
(a) By mandamus or other suit, action, or proceeding at law or in equity to enforce his rights against the county and its board and any of its officers, agents, and employees and to require and compel such county or such board or any such officers, agents, or employees to perform and carry out their duties and obligations under this part 4 and their covenants and agreements with the bondholders;
(b) By action or suit in equity to require the county and the board thereof to account as if they were the trustee of an express trust;
(c) By action or suit in equity to enjoin any acts or things which may be unlawful or in violation of the rights of the bondholders; and
(d) To bring suit upon the bonds.
(2) No right or remedy conferred by this part 4 upon any holder of bonds or any trustee therefor is intended to be exclusive of any other right or remedy, but each such right or remedy is cumulative and in addition to every other right or remedy and may be exercised without exhausting and without regard to any other remedy conferred by this part 4 or by any other law.
Source: L. 71: p. 361, § 1. C.R.S. 1963: § 36-29-9.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 30-20-409
What does Colorado Revised Statutes § 30-20-409 cover?
Section 30-20-409 ("Remedies of bondholders.") 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 § 30-20-409?
A common citation format is "Colorado Revised Statutes § 30-20-409" (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 § 30-20-409 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.