(1) In the event that a school located in Colorado ceases operation, the owner or his or her authorized designee shall deposit with the division the original or legible true copies of all educational, financial, or other records of the school.
(2) In the event that it appears to the board that any records of a school located in Colorado that is ceasing operation are in danger of being destroyed, secreted, mislaid, or otherwise made unavailable to the board, the board may seize and take possession of the records upon making application to any court of competent jurisdiction for an appropriate order. The board shall maintain or cause to be maintained a permanent file of any such records.
(3) Any person desiring copies of any such records shall pay a fee as may be established by the board.
Source: L. 2017: Entire article added with relocations, (HB 17-1239), ch. 261, p. 1200, � 1, effective August 9. L. 2018: (2) amended, (SB 18-177), ch. 196, p. 1290, � 3, effective August 8.
Editor's note: This section is similar to former � 12-59-119 as it existed prior to 2017.
23-64-126. Enforceability of notes, contracts, and other evidence of indebtedness. (1) No note, other instrument of indebtedness, or contract relating to payment for educational services shall be enforceable in the courts of this state by any school located within this state unless the school, at the time of execution of the note, other instrument of indebtedness, or contract, holds a valid certificate of approval nor by any school having an agent in this state unless the agent, who enrolled persons to whom educational services were to be rendered or to whom educational credentials were to be granted, held a valid agent's permit at the time of the execution of the note, other instrument of indebtedness, or contract.
(2) The enforceability of notes, contracts, and other evidence of indebtedness relating to payment for educational services shall be in compliance with applicable state and federal laws and regulations, as amended.
Source: L. 2017: Entire article added with relocations, (HB 17-1239), ch. 261, p. 1200, � 1, effective August 9.
Editor's note: This section is similar to former � 12-59-120 as it existed prior to 2017.