Source: L. 91: Entire article added, p. 310, § 1, effective July 1, 1992. L. 2006: (1) amended, p. 494, § 20, effective September 1.
Editor's note: Colorado legislative change. In subsection (1) of this section, after the words "by purchase or otherwise,", Colorado deleted the words "the measure of" and substituted the words "the lessee may recover from the lessor as", and, after the words "original lease agreement,", Colorado inserted the words "plus interest on the remainder so computed from the date of default until the date of entry of judgment at the same rate used in computing present value,".
Uniform Statutory Source: Sections 2-713 and 2-714.
Changes: Substantially revised.
Purposes:
Cross References:
Sections 2-713(1), 2-713(2), 2-714 and Section 2A-518.
Definitional Cross References:
"Conforming". Section 2A-103(1)(d).
"Delivery". Section 1-201(14).
"Goods". Section 2A-103(1)(h).
"Lease". Section 2A-103(1)(j).
"Lease agreement". Section 2A-103(1)(k).
"Lessee". Section 2A-103(1)(n).
"Lessor". Section 2A-103(1)(p).
"Notification". Section 1-201(26).
"Present value". Section 2A-103(1)(u).
"Value". Section 1-201(44).
Structure Colorado Code
Title 4 - Uniform Commercial Code
§ 4-2.5-501. Default: Procedure
§ 4-2.5-502. Notice After Default
§ 4-2.5-503. Modification or Impairment of Rights and Remedies
§ 4-2.5-504. Liquidation of Damages
§ 4-2.5-506. Statute of Limitations
§ 4-2.5-507. Proof of Market Rent: Time and Place
§ 4-2.5-508. Lessee's Remedies
§ 4-2.5-509. Lessee's Rights on Improper Delivery; Rightful Rejection
§ 4-2.5-510. Installment Lease Contracts: Rejection and Default
§ 4-2.5-511. Merchant Lessee's Duties as to Rightfully Rejected Goods
§ 4-2.5-512. Lessee's Duties as to Rightfully Rejected Goods
§ 4-2.5-513. Cure by Lessor of Improper Tender or Delivery; Replacement
§ 4-2.5-514. Waiver of Lessee's Objections
§ 4-2.5-515. Acceptance of Goods
§ 4-2.5-517. Revocation of Acceptance of Goods
§ 4-2.5-518. Cover; Substitute Goods
§ 4-2.5-520. Lessee's Incidental and Consequential Damages
§ 4-2.5-521. Lessee's Right to Specific Performance or Replevin
§ 4-2.5-522. Lessee's Right to Goods on Lessor's Insolvency
§ 4-2.5-523. Lessor's Remedies
§ 4-2.5-524. Lessor's Right to Identify Goods to Lease Contract
§ 4-2.5-525. Lessor's Right to Possession of Goods
§ 4-2.5-526. Lessor's Stoppage of Delivery in Transit or Otherwise
§ 4-2.5-527. Lessor's Rights to Dispose of Goods
§ 4-2.5-528. Lessor's Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default
§ 4-2.5-529. Lessor's Action for the Rent
§ 4-2.5-530. Lessor's Incidental Damages
§ 4-2.5-531. Standing to Sue Third Parties for Injury to Goods