Title 4, Uniform Commercial Code
0 chapters · 527 sections in this title.
Colo. Rev. Stat. § 4-12-101 Title
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This article 12 may be cited as the Uniform Commercial Code-Controllable Electronic Records. Source: L. 2023: Entire section added, (SB 23-090), ch. 136, p. 569, � 89, effective August 7.
Colo. Rev. Stat. § 4-12-102 Definitions
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(a) In this article 12: (1) Controllable electronic record means a record stored in an electronic medium that can be subjected to control under section 4-12-105. The term does not include a controllable account, a controllable payment intangible, a deposit account, an electronic …
Colo. Rev. Stat. § 4-12-103 Relation to article 9 and consumer laws
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(a) If there is conflict between this article 12 and article 9 of this title 4, article 9 of this title 4 governs. (b) A transaction subject to this article 12 is subject to any applicable rule of law that establishes a different rule for consumers and any other state law. Source…
Colo. Rev. Stat. § 4-12-104 Rights in controllable account, controllable electronic record, and controllable payment intangible
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(a) This section applies to the acquisition and purchase of rights in a controllable account or controllable payment intangible, including the rights and benefits under subsections (c), (d), (e), (g), and (h) of this section of a purchaser and qualifying purchaser, in the same ma…
Colo. Rev. Stat. § 4-12-105 Control of controllable electronic record
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(a) A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record, or a system in which the electronic record is recorded: (1) Gives the person: (A) Power to avail itself of substantially…
Colo. Rev. Stat. § 4-12-106 Discharge of account debtor on controllable account or controllable payment intangible
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(a) An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying: (1) The person having control of the controllable electronic record that evidences the controllable account or controllable payment intangible; or (2) Except…
Colo. Rev. Stat. § 4-12-107 Governing law
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(a) Except as provided in subsection (b) of this section, the local law of a controllable electronic record's jurisdiction governs a matter covered by this article 12. (b) For a controllable electronic record that evidences a controllable account or controllable payment intangibl…