Colorado § 38-24.5-108 - Acknowledgment of satisfaction of lien - penalty.
Full text of Colorado Colorado Revised Statutes § 38-24.5-108 — Acknowledgment of satisfaction of lien - penalty., with citation guidance and answers to common questions.
§ 38-24.5-108. Acknowledgment of satisfaction of lien - penalty.
Whenever the indebtedness which is a lien upon any such grain or other crops is paid and satisfied, it is the duty of the lienor to acknowledge satisfaction thereof and to discharge the lien of record; and, if any lienor fails to acknowledge satisfaction and discharge said lien within thirty days after being requested to do so by a person having a property interest in such grain or other crops, he is liable to any person injured thereby in the amount of such injury and the costs of the action.
Source: L. 89: Entire article added, p. 1444, § 1, effective July 1.
38-24.7 ARTICLE 24.7
Transportation Fuel Distributors' Tax Liens
38-24.7-101. Definitions.
38-24.7-102. Who may have lien - amount.
38-24.7-103. How lien obtained - lien statement.
38-24.7-104. Priority.
38-24.7-105. Parties.
38-24.7-106. Limitations of actions.
38-24.7-107. Acknowledgment of satisfaction of lien - penalty.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 38-24.5-108
What does Colorado Revised Statutes § 38-24.5-108 cover?
Section 38-24.5-108 ("Acknowledgment of satisfaction of lien - penalty.") 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 § 38-24.5-108?
A common citation format is "Colorado Revised Statutes § 38-24.5-108" (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 § 38-24.5-108 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.