Colorado § 44-32-401 - Director and commission members - position of trust - conflicts of interest - definition.
Full text of Colorado Colorado Revised Statutes § 44-32-401 — Director and commission members - position of trust - conflicts of interest - definition., with citation guidance and answers to common questions.
§ 44-32-401. Director and commission members - position of trust - conflicts of interest - definition.
(1) Appointment to the commission or to the position of director or employment in the division of racing events is a position of public trust, and therefore, in order to ensure the confidence of the people of the state in the integrity of the division and the commission, the director and members of the commission and the employees of the division are subject to this section. While serving as director or as a member of the commission or while employed by the division, no person nor any member of the person's immediate family shall:
(a) Hold any pecuniary interest in any racetrack operating within the state of Colorado nor in any stable, compound, or farm that houses animals licensed or registered to race within the state of Colorado;
(b) Wager money or any other chattel of value on the result of any race or race meet or sweepstakes conducted within the state of Colorado or conducted outside the state and simulcast into the state;
(c) Hold any pecuniary interest in any out-of-state host track or derive any pecuniary benefit from the racing of any animal at the track;
(d) Hold more than a five percent interest in any entity doing business with a track; or
(e) Have any interest of any kind in a license issued pursuant to this article 32, nor have any interest, direct or indirect, including employment, in any licensee, licensed premises, establishment, or business involved in or with pari-mutuel wagering.
(2) Failure to comply with the provisions of this section shall be grounds for removal from office.
(3) For purposes of this section, "immediate family" means a person's spouse and any children actually living with the person.
Source: L. 2018: Entire article added with relocations, (HB 18-1024), ch. 26, p. 295, § 2, effective October 1.
Editor's note: This section is similar to former § 12-60-401 as it existed prior to 2018.
PART 5
LICENSING AND REGISTRATION
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 44-32-401
What does Colorado Revised Statutes § 44-32-401 cover?
Section 44-32-401 ("Director and commission members - position of trust - conflicts of interest - definition.") 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 § 44-32-401?
A common citation format is "Colorado Revised Statutes § 44-32-401" (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 § 44-32-401 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.