Colorado Statutes
§ 4-2-505 — Seller's shipment under reservation
Colorado § 4-2-505
This text of Colorado § 4-2-505 (Seller's shipment under reservation) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 4-2-505 (2026).
Text
(1)Where the seller has
identified goods to the contract by or before shipment:
(a)His procurement of a negotiable bill of lading to his own order or
otherwise reserves in him a security interest in the goods. His procurement of the
bill to the order of a financing agency or of the buyer indicates in addition only the
seller's expectation of transferring that interest to the person named.
(b)A nonnegotiable bill of lading to the seller or the seller's nominee
reserves possession of the goods as security, but except in a case of conditional
delivery (subsection (2) of section 4-2-507), a nonnegotiable bill of lading naming
the buyer as consignee reserves no security interest even though the seller retains
possession or control of the bill of lading.
(2)When shipment by the se
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Legislative History
Source: L. 65: p. 1323, � 1. C.R.S. 1963: � 155-2-505. L. 2006: (1)(b) and (2)
amended, p. 492, � 11, effective September 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faithCite This Page — Counsel Stack
Bluebook (online)
Colorado § 4-2-505, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/04/4-2-505.