Colorado § 38-22-131 - Substitution of bond allowed.
Full text of Colorado Colorado Revised Statutes § 38-22-131 — Substitution of bond allowed., with citation guidance and answers to common questions.
§ 38-22-131. Substitution of bond allowed.
(1) Whenever a mechanic's lien has been filed in accordance with this article, the owner, whether legal or beneficial, of any interest in the property subject to the lien may, at any time, file with the clerk of the district court of the county wherein the property is situated a corporate surety bond or any other undertaking which has been approved by a judge of said district court.
(2) Such bond or undertaking plus costs allowed to date shall be in an amount equal to one and one-half times the amount of the lien plus costs allowed to date and shall be approved by a judge of the district court with which such bond or undertaking is filed.
(3) The bond or undertaking shall be conditioned that, if the lien claimant shall be finally adjudged to be entitled to recover upon the claim upon which his lien is based, the principal or his sureties shall pay to such claimant the amount of his judgment, together with any interest, costs, and other sums which such claimant would be entitled to recover upon the foreclosure of the lien.
Source: L. 75: Entire section added, p. 1425, § 5, effective October 1.
ANNOTATION
Bonding pursuant to this section does not excuse failure to record a notice of lis pendens pursuant to § 38-22-110. Weize Co., LLC v. Colo. Reg'l Constr., 251 P.3d 489 (Colo. App. 2010).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 38-22-131
What does Colorado Revised Statutes § 38-22-131 cover?
Section 38-22-131 ("Substitution of bond allowed.") 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 § 38-22-131?
A common citation format is "Colorado Revised Statutes § 38-22-131" (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 § 38-22-131 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.