Colorado Statutes
§ 4-2-702 — Seller's remedies on discovery of buyer's insolvency
Colorado § 4-2-702
This text of Colorado § 4-2-702 (Seller's remedies on discovery of buyer's insolvency) 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. § 4-2-702 (2026).
Text
(1)Where
the seller discovers the buyer to be insolvent, he may refuse delivery except for
cash, including payment for all goods theretofore delivered under the contract, and
stop delivery under this article (section 4-2-705).
(2)Where the seller discovers that the buyer has received goods on credit
while insolvent, he may reclaim the goods upon demand made within ten days after
the receipt, but if misrepresentation of solvency has been made to the particular
seller in writing within three months before delivery, the ten day limitation does not
apply. Except as provided in this subsection (2), the seller may not base a right to
reclaim goods on the buyer's fraudulent or innocent misrepresentation of solvency
or of intent to pay.
(3)The seller's right to reclaim under subsecti
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Legislative History
Source: L. 65: p. 1334, � 1. C.R.S. 1963: � 155-2-702. L. 77: (3) amended, p.
313, � 7, effective January 1, 1978.
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 § 4-2-702, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/04/4-2-702.