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Can you summarize 38 CORS Article 10?
Frauds - Statute of Frauds > FRAUDS - STATUTE OF FRAUDS
Short Summary
This legal document, found in the Colorado Revised Statutes, pertains to conveyances made with the intent to defraud prior or subsequent purchasers. It states that any conveyance of an estate or interest in lands, rents, or profits, as well as any charge upon lands or rents, created with the intent to defraud purchasers for a valuable consideration, shall be void against such purchasers. The document does not apply to cases involving equitable trusts. It also mentions that the statute of frauds must be raised in pleadings and cannot be raised for the first time in the supreme court on writ of error. Additionally, it provides examples of collusive foreclosures and collusive chattel mortgages as fraudulent conveyances. However, no specific penalties are mentioned in the document. No such conveyance or charge shall be deemed fraudulent in favor of a subsequent purchaser, who has actual or legal notice thereof at the time of his purchase, unless it appears that the grantee in such conveyance or person to be benefited by such charge was privy to the fraud intended.
Whom does it apply to?
Individuals or entities involved in conveyances of estates or interests in lands, rents, or profits
What does it govern?
Conveyances made with the intent to defraud prior or subsequent purchasers
What are exemptions?
Cases involving equitable trusts
What are the Penalties?
No specific penalties mentioned
Jurisdiction
Colorado