Upon paying the equipment dealer, the title and right to possession of the repurchased inventory shall transfer to the supplier and the equipment dealer shall have a continuing perfected security interest in the inventory. Upon such payment, the security interest of the supplier shall be perfected without the filing of a financing statement for a period of six years.
Source: L. 95: Entire article R&RE, p. 371, § 1, effective July 1.
Structure Colorado Code
Article 38 - Farm Equipment Dealerships
§ 35-38-104. Dealer Agreement Cancellation
§ 35-38-105. Surplus Parts Inventory - Credits
§ 35-38-106. Cancellation of Contract - Repurchase of Inventory
§ 35-38-107. Repurchase - Title - Security Interest
§ 35-38-108. Death or Incapacitation of Equipment Dealer
§ 35-38-109. Cause of Action - Remedies
§ 35-38-110. Current Agreements - Effect of Law - Void Provisions