Colorado § 37-45-132 - Contracts - security - enforcement.
Full text of Colorado Colorado Revised Statutes § 37-45-132 — Contracts - security - enforcement., with citation guidance and answers to common questions.
§ 37-45-132. Contracts - security - enforcement.
(1) To meet the annual installments as provided in contracts for the use of water:
(a) A water users' association may bind itself to levy an annual assessment on the use of water and to secure same by liens on land and water rights or in such manner as may be provided by law;
(b) A mutual ditch or irrigation company may bind itself by mortgage upon its irrigation works and system or to levy annual assessments upon its stockholders;
(c) Any person or corporation landowner may create a mortgage lien upon lands or give other security satisfactory to the board; and all such contracts shall provide for forfeiture of the use of water for nonpayment of assessments or installments in the same manner and procedure as provided by statute for forfeiture of stock in a mutual ditch company;
(d) A public corporation shall meet the annual installments as provided in sections 37-45-123 and 37-45-124.
Source: L. 37: p. 1346, § 26. CSA: C. 173B, § 40. CRS 53: § 149-6-27. L. 60: p. 223, § 4. C.R.S. 1963: § 150-5-27.
Cross references: For forfeiture of stock in a ditch company, see § 7-42-104 (4).
Frequently Asked Questions About Colorado § 37-45-132
What does Colorado Revised Statutes § 37-45-132 cover?
Section 37-45-132 ("Contracts - security - enforcement.") 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 § 37-45-132?
A common citation format is "Colorado Revised Statutes § 37-45-132" (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 § 37-45-132 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.