2021 Colorado Code
Title 38 - Property - Real and Personal
Article 41 - Limitations- Homestead Exemptions
Part 2 - Homestead Exemptions
§ 38-41-205. Of What Homestead May Consist

Universal Citation: CO Code § 38-41-205 (2021)

The homestead mentioned in this part 2 may consist of a house and lot or lots or of a farm consisting of any number of acres.

History. Source: R.S. P. 386, § 61. G.L. § 1347. G.S. § 1635. R.S. 08: § 2954. C.L. § 5928. CSA: C. 93, § 27. L. 53: P. 412, § 3. CRS 53: § 77-3-5. C.R.S. 1963: § 77-3-5. L. 82: Entire section amended, p. 552, § 1, effective March 11. History. Source: R.S. P. 386, § 61. G.L. § 1347. G.S. § 1635. R.S. 08: § 2954. C.L. § 5928. CSA: C. 93, § 27. L. 53: P. 412, § 3. CRS 53: § 77-3-5. C.R.S. 1963: § 77-3-5. L. 82: Entire section amended, p. 552, § 1, effective March 11.


ANNOTATION

Law reviews. For article, “Executions and Levies on Tangible Property”, see 27 Dicta 143 (1950). For note, “Colorado Homestead Now Assertable Against Heirs”, see 25 Rocky Mt. L. Rev. 84 (1952). For note, “The Homestead Rights of Minor Children in Solvent Estates”, see 25 Rocky Mt. L. Rev. 370 (1953). For article, “Homestead and Bankruptcy in Colorado and Elsewhere”, see 56 U. Colo. L. Rev. 175 (1985).

Pickup camper shell qualifies as homestead exemption. Although not a traditional house, a camper shell was the home and dwelling of the debtor and qualified for the homestead exemption allowed in § 38-41-201 . In re Lepka, 105 B.R. 638 (Bankr. D. Colo. 1989 ).

The term “farm” includes water rights necessary for irrigation. Without water, most pieces of land are not capable of agricultural production. Therefore, water rights that are necessary to the use of the land for agricultural purposes are covered by the term “farm” and are protected under this exemption. Shigo, LLC v. Hocker, 2014 COA 16 , 338 P.3d 421.

Applied in Wells v. W. Greeley Nat'l Bank, 29 B.R. 688 (Bankr. D. Colo. 1983 ).


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