Weize Co. v. Colorado Regional Construction, Inc.

251 P.3d 489 | Colorado Court of Appeals | 2010

affirmedCited 386 timesFLAGSHIPTexas
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Holding Summary

A general contractor violated Colorado's construction trust fund statute by failing to hold funds in trust for subcontractors and suppliers, and a lien release bond does not exempt contractors from trust fund obligations or excuse failure to record a lis pendens.

A lien release bond is not equivalent to payment or performance bonds under the trust fund statute.

Colorado Court of Appeals, 2010

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