Last night, the democrat-controlled Colorado House State Veterans and Military Affairs Committee voted along party lines to kill Senate Bill 177.
Continue Reading Construction Defect Bill Dies in Committee
"Mechanics' lien; construction trust fund; subcontractor; disburser; construction accounting practices"
Colorado Supreme Court Reverses Court of Appeals’ Interpretation of Colorado Trust Fund Statute
By Dimitri Adloff on
Posted in Uncategorized
Approximately two and a half years ago, I wrote about a broad interpretation placed on the Colorado trust fund statute by the Colorado Court of Appeals. In a 2010 decision titled AC Excavating, Inc. v. Yale, the court determined that an LLC manager’s voluntary injection of funds into the general business account of…
More to Consider on the Colorado Trust Fund and Mechanics’ Lien Statutes
By Dimitri Adloff on
Posted in Liens, Litigation
A few months ago, I wrote about a recent Colorado Court of Appeals decision that gave a broad interpretation to the Colorado Trust Fund Statute. That decision highlighted the importance of maintaining strict accounting practices and segregating funds for each separate construction project. As a follow up to that post, I would like to…