E86E726B5180CFB087258BC60072C2F4 Hearing Summary

Andy Toft, representing Colorado Bar Association Business Law Section, noted that Colorado has not enacted the Uniform Unincorporated Organization Act. Passage of these amendments could result in significant inconsistences and would require many amendments to the business entity laws and there is not a need for this act to be enacted in Colorado.

When asked about the passage of the original act in Colorado, Libby Snyder, Uniform Law Commission staff, confirmed that it has not been enacted in Colorado but that Colorado did enact three other uniform acts that fit within the original act. She added that these amendments are meant to be tweaks to correct inconsitencies between the three acts enacted in Colorado. She concurred that it might be a good idea to allow time for additional review of the act's interaction with Colorado law.