Date: 10/20/2015
Final
2.b. Uniform Voidable Transactions Act Amendments (2014), LLS 16-0127
COMMITTEE ON COLORADO COMMISSION ON UNIFORM STATE LAWS
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10:19 AM -- 2.b. Uniform Voidable Transactions Act Amendments (2014), LLS 16-0127
10:20 AM -- Andy Toft, CBA Real Estate Section, indicated that the section remains concerned with sections 10 (governing law) and 11 (series organizations) and illustrated his concerns with an example case. The commission asked questions regarding choice of law and discussed some alternate choice of law language for the section to consider.
10:35 AM -- Victoria Bantz, CBA Business Law Section, stated that this section is aligned with the CBA Real Estate Section regarding their objections to sections 10 and 11 of the act. This section is concerned that the series organization provisions could create de facto law or other application inconsistencies with other states.
The commission asked how series organizations from other states are currently handled under Colorado law and whether there is suggested language to address application inconsistencies.