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Colorado Memorandum of Contract by Corporation

Colorado Memorandum of Contract by Corporation
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Category: Colorado Liens - Construction - Mechanics
State:Colorado
Control #:  CO-02-09
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Description

Pursuant to Colorado Revised Statute section 38-22-101(3) all construction contracts in which more than $500 is to be paid must be recorded in the office of the county clerk. This filing may be accomplished by filing the actual contract or a memorandum thereof. Failure to make such a filing will result in the legal assumption that all labor performed or materials supplied were at the insistence of the owner, and parties performing labor or supplying materials were granted a lien for the value thereof.
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For More Information Read the Colorado Construction Lien Law Law Summary. Colorado Construction Lien Law Popup Page

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