Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease, or the conditions of a letter of credit is determined by article 2, 2.5, or 5 of this title.
Source: L. 2006: Entire article R&RE, p. 488, § 2, effective September 1.
Editor's note: This section is similar to former § 4-7-509 as it existed prior to 2006.
Prior Uniform Statutory Provision: Former Section 7-509.
Changes: To reference Article 2A.
Purposes:
To cross-refer to the Articles of this Act which deal with the substantive issues of the type of document of title required under the contract entered into by the parties.
Cross References: Articles 2, 2A and 5.
Definitional Cross References:
"Contract for sale". Section 2-106.
"Document of title". Section 1-201.
"Lease". Section 2A-103.
Structure Colorado Code
Title 4 - Uniform Commercial Code
Article 7 - Documents of Title
Part 5 - Warehouse Receipts and Bills of Lading - Negotiation and Transfer
§ 4-7-501. Form of Negotiation and Requirements of Due Negotiation
§ 4-7-502. Rights Acquired by Due Negotiation
§ 4-7-503. Document of Title to Goods Defeated in Certain Cases
§ 4-7-505. Indorser Not Guarantor for Other Parties
§ 4-7-506. Delivery Without Indorsement - Right to Compel Indorsement
§ 4-7-507. Warranties on Negotiation or Delivery of Document of Title
§ 4-7-508. Warranties of Collecting Bank as to Documents of Title