The gold and silver coin issued by the government of the United States shall be a legal tender for the payment of all debts contracted on or after April 5, 1893, between the citizens of this state. The same shall be received in payment of all debts due to the citizens of this state and in satisfaction of all taxes levied by the authority of the laws of this state.
Source: L. 1893: p. 306, § 1. R.S. 08: § 3941. C.L. § 3817. CSA: C. 98, § 1. CRS 53: § 83-2-1. C.R.S. 1963: § 83-2-1.
ANNOTATION
Federal reserve notes are legal tender for all debts. State statute on legal tender cannot prohibit acceptance of federal reserve notes because Congress has the power to declare what is legal tender for all debts and it has done so by delegation to the federal reserve system. Walton v. Keim, 694 P.2d 1287 (Colo. App. 1984).