On Apr. 7, 2025, COL LEG reported bill approval by governor, effective Aug. 6, 2025.
On Mar. 28, COL LEG passed bill renaming the fraudulent transfers act.
COL LEG passed bill SB 25-133 on voidable transactions act that renames Colorado uniform fraudulent transfers act to reflect all uniform voidable transactions.
Amended COL LEG 38-8-101-103 (definitions including insolvency), COL LEG 38-8-105-110 (transfer obligations), adds COL LEG 38-8-113 (electronic signatures).
Also amended COL LEG 2-5-102 (inclusions, nonstatutory) with regard to act name.
Bill Provisions
Fraudulent transactions controlled by Coloradouniform fraudulent transfers act.
Bill updated Colorado uniform fraudulent transfers act, renamed to Colorado voidable transactions act (act), changing fraudulent transfers to voidable transactions.
Proposed amendments to the act would make the act align better with uniform law on voidable transactions, and update some of the definitions and terminology in the act.
Bill sets out burdens of proof/evidentiary requirements for various claims as per act.
In addition, bill sets out which jurisdictional laws control certain types of claims based on the location of a debtor and makes numerous technical amendments in the act.
Legislative History
On Feb. 5, 2025, bill was introduced in Senate; on Mar. 3, 2025, bill passed Senate.
On Mar. 3, 2025, bill was introduced in House; on Mar. 13, 2025, amended bill passed.
On Mar. 17, 2025, Senate concurred; on Mar. 28, 2025, bill delivered to the governor.
Effectiveness
Upon approval, effective on Aug. 6, 2025, applies to claims filed on/after that date.
Apr. 2025 COL LEG Bill Approval
On Apr. 7, 2025, COL LEG reported bill approval by governor, effective Aug. 6, 2025.
