Colorado Code
Part 6 - Default
§ 4-9-627. Determination of Whether Conduct Was Commercially Reasonable

(1) In a judicial proceeding;
(2) By a bona fide creditors' committee;
(3) By a representative of creditors; or


Source: L. 2001: Entire article R&RE, p. 1420, § 1, effective July 1.
Editor's note: This section is similar to former § 4-9-507 (2) as it existed prior to 2001.




The law long has grappled with the problem of dispositions of personal and real property which comply with applicable procedural requirements (e.g., advertising, notification to interested persons, etc.) but which yield a price that seems low. This Article addresses that issue in Section 9-615(f). That section applies only when the transferee is the secured party, a person related to the secured party, or a secondary obligor. It contains a special rule for calculating a deficiency or surplus in a complying disposition that yields a price that is "significantly below the range of proceeds that a complying disposition to a person other than the secured party, a person related to the secured party, or a secondary obligor would have brought."

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