Colorado § 8-42-122 - Minor dependents - safeguarding payments.
Full text of Colorado Colorado Revised Statutes § 8-42-122 — Minor dependents - safeguarding payments., with citation guidance and answers to common questions.
§ 8-42-122. Minor dependents - safeguarding payments.
In all cases of death where the dependents are minor children, it shall be sufficient for the surviving spouse or a friend to make application and claim on behalf of the minor children. The director, for the purpose of protecting the rights and interests of any dependents whom the director deems incapable of fully protecting their own interests, may deposit the payments in any type of account in state or national banks insured by the federal deposit insurance corporation or its successor, savings and loan associations that are insured by the federal deposit insurance corporation or its successor, or credit unions that are insured by the national credit union share insurance fund and may otherwise provide for the manner and method of safeguarding the payments due such dependents in such manner as the director sees fit.
Source: L. 90: Entire article R&RE, p. 497, § 1, effective July 1. L. 2004: Entire section amended, p. 148, § 50, effective July 1.
Editor's note: This section is similar to former § 8-50-116 as it existed prior to 1990.
ANNOTATION
Annotator's note. (1) Since § 8-41-205 is similar to § 8-51-113 as it existed prior to the 1990 repeal and reenactment of the "Workers' Compensation Act of Colorado", articles 40 to 47 of this title, relevant cases construing that provision have been included in the annotations to this section.
(2) Cases included in the annotations to this section which refer to the industrial commission were decided prior to the 1969 amendment which vested the director of the division of labor instead of the industrial commission with the power to safeguard payments to minor children.
The industrial commission has the power to prevent the diversion of the money awarded to the children by their mother to her personal uses, or to the use of her children by her second marriage. Spoo v. Spoo, 145 Colo. 268, 358 P.2d 870 (1961).
Applied in Truitt v. Indus. Comm'n, 31 Colo. App. 166, 499 P.2d 623 (1972).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 8-42-122
What does Colorado Revised Statutes § 8-42-122 cover?
Section 8-42-122 ("Minor dependents - safeguarding payments.") 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 § 8-42-122?
A common citation format is "Colorado Revised Statutes § 8-42-122" (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 § 8-42-122 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.