Colorado § 32-11-502 - Limitations upon security.
Full text of Colorado Colorado Revised Statutes § 32-11-502 — Limitations upon security., with citation guidance and answers to common questions.
§ 32-11-502. Limitations upon security.
(1) The payment of district securities or any other obligations of the district shall not be secured by an encumbrance, mortgage, or other pledge of property of the district, except for its pledged revenues, proceeds of taxes, proceeds of assessments, and any other moneys pledged for the payment of the securities or such other obligations.
(2) No property of the district subject to such exception shall be liable to be forfeited or taken in payment of any district securities or other obligations of the district.
Source: L. 69: p. 766, § 44. C.R.S. 1963: § 89-21-44.
Frequently Asked Questions About Colorado § 32-11-502
What does Colorado Revised Statutes § 32-11-502 cover?
Section 32-11-502 ("Limitations upon security.") 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 § 32-11-502?
A common citation format is "Colorado Revised Statutes § 32-11-502" (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 § 32-11-502 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.