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Legislative Year: 2021 Change
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Bill Detail: HB21-1026

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Title Allow Foreign Protected Series Do Business In Colorado
Status Introduced In House - Assigned to Business Affairs & Labor (02/16/2021)
Bill Subjects
  • Business & Economic Development
House Sponsors M. Baisley (R)
K. Tipper (D)
Senate Sponsors
House Committee Business Affairs and Labor
Senate Committee
Date Introduced 02/16/2021
Summary

Section 1 of the bill defines a protected series as an arrangement,
configuration, or other structure established by an entity formed outside
of Colorado (a foreign entity) as to which, under the organic statutes of
the foreign entity:
  • The assets of or associated with the protected series are not
subject to claims against, or liabilities of, the foreign entity

or any other protected series of the foreign entity; and
  • The assets of or associated with the foreign entity or any
other protected series of the foreign entity are not subject
to claims against, or liabilities of, the protected series.
Section 2 authorizes a foreign entity that has established a
protected series (a foreign series entity) that is doing or proposing to do
business in this state to file with the secretary of state a statement of
foreign entity authority that states the name and principal place of
business of the protected series. Section 3 specifies the effect of filing the
statement of foreign entity authority with regard to the foreign series
entity's and protected series' rights and liabilities.

Committee Reports
with Amendments
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