Colorado Code
Part 7 - Remedies
§ 4-2-702. Seller's Remedies on Discovery of Buyer's Insolvency

Source: L. 65: p. 1334, § 1. C.R.S. 1963: § 155-2-702. L. 77: (3) amended, p. 313, § 7, effective January 1, 1978.
Prior Uniform Statutory Provision: Subsection (1) -- Sections 53(1)(b), 54(1)(c) and 57, Uniform Sales Act; Subsection (2) -- none; Subsection (3) -- Section 76(3), Uniform Sales Act.
Changes: Rewritten, the protection given to a seller who has sold on credit and has delivered goods to the buyer immediately preceding his insolvency being extended.
Purposes of Changes and New Matter: To make it clear that:

An exception to this time limitation is made when a written misrepresentation of solvency has been made to the particular seller within three months prior to the delivery. To fall within the exception the statement of solvency must be in writing, addressed to the particular seller and dated within three months of the delivery.
Cross References:
Point 1: Sections 4-2-401 and 4-2-705.
Compare Section 4-2-502.
Definitional Cross References:
"Buyer". Section 4-2-103.
"Buyer in ordinary course of business". Section 4-1-201.
"Contract". Section 4-1-201.
"Good faith". Section 4-1-201.
"Goods". Section 4-2-105.
"Insolvent". Section 4-1-201.
"Person". Section 4-1-201.
"Purchaser". Section 4-1-201.
"Receipt" of goods. Section 4-2-103.
"Remedy". Section 4-1-201.
"Rights". Section 4-1-201.
"Seller". Section 4-2-103.
"Writing". Section 4-1-201.