Colorado Statutes
§ 4-3-407 — Alteration
Colorado § 4-3-407
This text of Colorado § 4-3-407 (Alteration) 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. § 4-3-407 (2026).
Text
(a)Alteration means (i) an unauthorized change in an
instrument that purports to modify in any respect the obligation of a party, or (ii) an
unauthorized addition of words or numbers or other change to an incomplete
instrument relating to the obligation of a party.
(b)Except as provided in subsection (c) of this section, an alteration
fraudulently made discharges a party whose obligation is affected by the alteration
unless that party assents or is precluded from asserting the alteration. No other
alteration discharges a party, and the instrument may be enforced according to its
original terms.
(c)A payor bank or drawee paying a fraudulently altered instrument or a
person taking it for value, in good faith and without notice of the alteration, may
enforce rights with respect
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Legislative History
Source: L. 94: Entire article R&RE, p. 865, � 1, effective January 1, 1995.
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 § 4-3-407, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/04/4-3-407.