If an exception is not made to a claim filed, or if a claim has been favorably adjudicated, the court shall enter judgment in favor of the creditor and against the assignor for the amount claimed and found due and order the assignee to make from time to time fair and equal dividends among the creditors of the assets in the assignee's possession, in proportion to their respective claims, and, as soon as may be, to render a full account of the trust to the court. The court may allow such compensation or commissions, following as nearly as possible the compensation allowed executors for like services, as may be just and right.
Source: L. 1897: p. 97, § 12. R.S. 08: § 185. C.L. § 6252. CSA: C. 12, § 12. CRS 53: § 11-1-12. C.R.S. 1963: § 11-1-12. L. 2026: Entire section amended, (HB 26-1426), ch. 334, p. 2009, § 49, effective August 12.
ANNOTATION
An assignee violates his duties to the debtor and to the creditors of the debtor by charging the debtor service fees far in excess of those authorized by statute. People v. Radinsky, 176 Colo. 357, 490 P.2d 951 (1971).