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2021 Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Article 12 - Probate of Wills and Administration
Part 9 - Special Provisions Relating to Distribution
§ 15-12-909. Improper Distribution - Liability of Distributee
Universal Citation: CO Code § 15-12-909 (2021)
Unless the distribution or payment no longer can be questioned because of adjudication, estoppel, or limitation, a distributee of property improperly distributed or paid, or a claimant who was improperly paid, is liable for return of the property improperly received and its income since distribution if he has the property. If he does not have the property, then he is liable for return of the value as of the date of disposition of the property improperly received and its income and gain received by him.
History. Source: L. 73: R&RE, p. 1599, § 1. C.R.S. 1963: § 153-3-909. History. Source: L. 73: R&RE, p. 1599, § 1. C.R.S. 1963: § 153-3-909.
Cross references:
For liability to persons interested in an estate, see § 15-12-703 .
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