Colorado § 44-20-435 - Payout exemption to execution.
Full text of Colorado Colorado Revised Statutes § 44-20-435 — Payout exemption to execution., with citation guidance and answers to common questions.
§ 44-20-435. Payout exemption to execution.
A powersports vehicle dealer's right to receive payments from a manufacturer or distributor required by section 44-20-423 (1)(l) and (1)(r) is not liable to attachment or execution and may not otherwise be seized, taken, appropriated, or applied in a legal or equitable process or by operation of law to pay the debts or liabilities of the manufacturer or distributor. This section shall not prohibit a secured creditor from exercising rights accrued pursuant to a security agreement if the right arose as a result of the manufacturer or distributor voluntarily creating a security interest before paying existing debts or liabilities of the manufacturer or distributor. This section shall not prohibit a manufacturer or distributor from withholding a portion of the payments necessary to cover an amount of money owed to the manufacturer or distributor as an offset to the payments if the manufacturer or distributor provides the motor vehicle dealer written notice thereof.
Source: L. 2018: Entire article added with relocations, (SB 18-030), ch. 7, p. 133, § 2, effective October 1.
Editor's note: This section is similar to former § 12-6-534 as it existed prior to 2018.
Frequently Asked Questions About Colorado § 44-20-435
What does Colorado Revised Statutes § 44-20-435 cover?
Section 44-20-435 ("Payout exemption to execution.") 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 § 44-20-435?
A common citation format is "Colorado Revised Statutes § 44-20-435" (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 § 44-20-435 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.