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ColoradoSB25-1332025 Regular SessionSenate

Colorado Voidable Transactions Act

Sponsored By: John Carson (Republican), Marc Snyder (Democratic), Matt Soper (Republican), Sean Camacho (Democratic)

Signed by Governor

Financial Services & Commerce

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 0 benefits, 0 costs, 3 mixed.

Proof rules for claims against debtors

Creditors must prove the required parts of covered transfer claims using a more-likely-than-not standard. Debtors generally missing payments are presumed insolvent and must show that being solvent is more likely. Debtors who meet the federal bankruptcy definition of insolvency also count as insolvent under this law. For debts documented in a record, the debt counts when the debtor's signed record reaches the creditor or is delivered for the creditor's benefit.

Recovery limits and protections for asset recipients

For covered transfer claims, recovery is capped at the lower of the asset's adjusted value or the amount owed. Creditors can pursue the first recipient, someone benefiting from the transfer, or later recipients. Good-faith later recipients who gave value, and their good-faith later recipients, have protections; another protection requires reasonably equal value given to the debtor. Creditors generally must prove liability, while parties claiming defenses, recipient exceptions, or value adjustments must prove they apply, using a more-likely-than-not standard. Qualifying secured-debt enforcement is protected, but accepting collateral as full or partial debt payment does not receive that protection.

Who counts as a debtor's insider

The law's listed insider groups are examples, not a complete list. Its affiliate definition includes people owning or controlling at least 20% of a debtor's voting shares, with specified exclusions. Someone holding shares as an agent or trustee gets the relevant exclusion only without sole power to decide their vote. These definitions help determine how the law treats transfers involving people connected to a debtor.

Sponsors & Cosponsors

Sponsors

  • John Carson

    Republican • Senate

  • Marc Snyder

    Democratic • Senate

  • Matt Soper

    Republican • House

  • Sean Camacho

    Democratic • House

Cosponsors

  • Bob Marshall

    Democratic • House

  • Steven Woodrow

    Democratic • House

  • William Lindstedt

    Democratic • Senate

  • Dylan Roberts

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 167 • No: 18

Senate vote • 3/17/2025

House amendments: Repass

Yes: 33 • No: 1

Senate vote • 3/17/2025

House amendments: Concur

Yes: 34 • No: 0

House vote • 3/13/2025

Third reading: Bill

Yes: 48 • No: 13

House vote • 3/10/2025

Refer Senate Bill 25-133, as amended, to the Committee of the Whole.

Yes: 10 • No: 3

Senate vote • 3/3/2025

Third reading: Bill

Yes: 33 • No: 1

Senate vote • 2/25/2025

Refer Senate Bill 25-133, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.

Yes: 9 • No: 0

Actions Timeline

  1. Governor Signed

    4/7/2025House

  2. Signed by the President of the Senate

    3/28/2025Senate

  3. Signed by the Speaker of the House

    3/28/2025House

  4. Sent to the Governor

    3/28/2025House

  5. Senate Considered House Amendments - Result was to Concur - Repass

    3/17/2025Senate

  6. House Third Reading Passed - No Amendments

    3/13/2025House

  7. House Second Reading Special Order - Passed with Amendments - Committee

    3/12/2025House

  8. House Committee on Finance Refer Amended to House Committee of the Whole

    3/10/2025House

  9. Senate Third Reading Passed - No Amendments

    3/3/2025Senate

  10. Introduced In House - Assigned to Finance

    3/3/2025House

  11. Senate Second Reading Passed with Amendments - Committee

    2/28/2025Senate

  12. Senate Committee on Finance Refer Amended - Consent Calendar to Senate Committee of the Whole

    2/25/2025Senate

  13. Introduced In Senate - Assigned to Finance

    2/5/2025Senate

Bill Text

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