j_ccu_2018a_2018-10-15t11:02:04z5 Hearing Summary

Commissioner Morris explained the changes made to conform the uniform law to Colorado law, specifically regarding series organization language. Jeremy Schupbach, CBA Director of Legislative Relations, reported that, to his knowledge, two of the CBA sections remain opposed to the bill and will try to acquire details and relay them to the commission. The commission asked the bar sections to reconsider the act as amended, specify any changes needed, and to comment on the rest of the act. The commission also pointed out that as 19 states have enacted this act, Colorado law will need to be updated to address series organizations created in other states.

The commission deferred action on this bill until the next meeting, but is moving towards introduction in the 2019 legislative session.