Colorado Code
Part 2 - Administration
§ 24-51-205. General Authority of the Board

(3.5) The board is authorized to settle or compromise any dispute on behalf of the association. The board may consider relevant factors regarding any dispute, including but not limited to the cost of litigation, the likelihood of success on the merits, the cost of delay in resolving the dispute, and the actuarial impact on the fund, in determining whether to settle or compromise the dispute.

Source: L. 87: Entire article R&RE, p. 1048, § 1, effective July 1. L. 91: (3) amended, p. 826, § 1, effective April 9. L. 92: (2) amended, p. 2108, § 1, effective March 4. L. 95: (3.5) amended, p. 557, § 16, effective May 22. L. 97: (3) and (6) amended, p. 65, § 10, effective July 1. L. 2004: (1) amended, p. 1939, § 5, effective January 1, 2006. L. 2009: (1) amended and (7) added, (SB 09-066), ch. 73, p. 255, § 15, effective March 31; (1) amended (SB 09-282), ch. 288, p. 1335, § 5, effective January 1, 2010. L. 2019: (2) amended, (SB 19-088), ch. 110, p. 467, § 9, effective July 1, 2020.
Editor's note: (1) The provisions of this section are similar to provisions of several former sections as they existed prior to 1987. For a detailed comparison, see the comparative tables located in the back of the index.
(2) Amendments to subsection (1) by Senate Bill 09-066 and Senate Bill 09-282 were harmonized.