Trust Fund Statute May be Used in Construction Disputes
Posted on Feb 06, 2015 by admin
In Colorado, funds paid to a contractor must be held in trust for the payment of all subcontractors, laborers, and material suppliers who have furnished materials, services, or labor to the improvements constructed on the property. In the event a contractor uses the money paid to him for other purposes, the contractor can be held liable for theft of trust funds.
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