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TITLE 32 PROFESSIONS AND OCCUPATIONS

CHAPTER 20 REAL ESTATE

ARTICLE 5.1 CONDOMINIUM RECOVERY FUND

32-2193.31. Definitions.

In this article, unless the context otherwise requires:

1. "Condominium" has the same meaning prescribed in section 33-1202.

2. "Deposit" means the money put forth by a buyer to secure performance under an agreement.

3. "Judgment" means any of the following:

(a) A final judgment in a court of competent jurisdiction.

(b) A criminal restitution order issued pursuant to section 13-603 or 18 United States Code section 3663.

(c) An arbitration award that includes findings of fact and conclusions of law, that has been confirmed and reduced to judgment pursuant to section 12-133 and that was rendered according to title 12 and the rules of the American arbitration association or another recognized arbitration body.

4. "Judgment debtor" means any defendant under this article who is the subject of a judgment.

Last Legislative Year: 2007

Recent legislative history: Laws 2007, Ch. 221, § 1.

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