Hit-and-run accidents are on the rise in Colorado, with a 22% increase in 2023, according to the Colorado State Patrol. This growing trend is alarming for those involved and carries severe legal repercussions for drivers who flee the scene. Whether it’s a minor property damage incident or a crash causing serious injury, failing to stay and provide your information can lead to heavy fines, jail time, and more.
What ConstitutesConstruction projects involve significant financial investments, complex contractual relationships, and multiple stakeholders. Many states have enacted construction trust fund statutes to protect the interests of contractors, subcontractors, and suppliers involved in these projects. In Colorado, the Construction Trust Fund Statute is vital in safeguarding payment rights and preventing misappropriation of funds.
Understanding the Construction Trust Fund StatuteThe Construction Trust Fund Statute in Colorado aims to ensure that funds paid