Colorado Code
Part 4 - Rights of Third Parties
§ 4-9-407. Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest




(1) A transfer by the lessee of the lessee's right of possession or use of the goods in violation of the term; or
(2) A delegation of a material performance of either party to the lease contract in violation of the term.


Source: L. 2001: Entire article R&RE, p. 1375, § 1, effective July 1.
Editor's note: This section is similar to former § 4-2.5-303 as it existed prior to 2001.


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Structure Colorado Code

Colorado Code

Title 4 - Uniform Commercial Code

Article 9 - Secured Transactions

Part 4 - Rights of Third Parties

§ 4-9-401. Alienability of Debtor's Rights

§ 4-9-402. Secured Party Not Obligated on Contract of Debtor or in Tort

§ 4-9-403. Agreement Not to Assert Defenses Against Assignee

§ 4-9-404. Rights Acquired by Assignee; Claims and Defenses Against Assignee

§ 4-9-405. Modification of Assigned Contract

§ 4-9-406. Discharge of Account Debtor - Notification of Assignment - Identification and Proof of Assignment - Restrictions on Assignment of Accounts, Chattel Paper, Payment Intangibles, and Promissory Notes Ineffective

§ 4-9-407. Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest

§ 4-9-408. Restrictions on Assignment of Promissory Notes, Health-Care-Insurance Receivables, and Certain General Intangibles Ineffective

§ 4-9-409. Restrictions on Assignment of Letter-of-Credit Rights Ineffective