2016 Colorado Revised Statutes
Title 18 - Criminal Code
Article 5 - Offenses Involving Fraud
Part 5 - Offenses Relating to the Uniform Commercial Code
§ 18-5-502. Failure to pay over assigned accounts
Where, under the terms of an assignment of an account, as defined in section 4-9-102 (a) (2), C.R.S., the assignor, being permitted to collect the proceeds from the debtor, is to pay over to the assignee any of the proceeds and, after collection thereof, the assignor willfully and wrongfully fails to pay over to the assignee the proceeds amounting to one thousand dollars or more, the person commits a class 5 felony. Where the amount of the proceeds withheld by the assignor is less than one thousand dollars, the person commits a class 1 misdemeanor.
Disclaimer: These codes may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
