Colorado § 4-7-403 Obligation of bailee to deliver - excuse

Colorado Statutes

§ 4-7-403 — Obligation of bailee to deliver - excuse

Colorado·Title 04 Uniform·Art. Documents of Title

(a)A bailee shall deliver the goods to a person entitled under a document of title if the person complies with subsections (b) and (c) of this section, unless and to the extent that the bailee establishes any of the following:

(1)Delivery of the goods to a person whose receipt was rightful as against the claimant;

(2)Damage to or delay, loss, or destruction of the goods for which the bailee is not liable;

(3)Previous sale or other disposition of the goods in lawful enforcement of a lien or on a warehouse's lawful termination of storage;

(4)The exercise by a seller of its right to stop delivery pursuant to section 4-2-705 or by a lessor of its right to stop delivery pursuant to section 4-2.5-526;

(5)A diversion, reconsignment, or other disposition pursuant to section 4-7-30

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(a) A bailee shall deliver
the goods to a person entitled under a document of title if the person complies with
subsections (b) and (c) of this section, unless and to the extent that the bailee
establishes any of the following:

(1) Delivery of the goods to a person whose receipt was rightful as against
the claimant;

(2) Damage to or delay, loss, or destruction of the goods for which the bailee
is not liable;

(3) Previous sale or other disposition of the goods in lawful enforcement of a
lien or on a warehouse's lawful termination of storage;

(4) The exercise by a seller of its right to stop delivery pursuant to section 4-2-705 or by a lessor of its right to stop delivery pursuant to section 4-2.5-526;

(5) A diversion, reconsignment, or other disposition pursuant to section 4-7-303;

(6) Release, satisfaction, or any other personal defense against the claimant;
or

(7) Any other lawful excuse.

(b) A person claiming goods covered by a document of title shall satisfy the
bailee's lien if the bailee so requests or if the bailee is prohibited by law from
delivering the goods until the charges are paid.

(c) Unless a person claiming the goods is a person against which the
document of title does not confer a right under section 4-7-503 (a):

(1) The person claiming under a document shall surrender possession or
control of any outstanding negotiable document covering the goods for
cancellation or indication of partial deliveries; and

(2) The bailee shall cancel the document or conspicuously indicate in the
document the partial delivery or the bailee is liable to any person to which the
document is duly negotiated.

Colorado § 4-7-403 (Obligation of bailee to deliver - excuse) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2006: Entire article R&RE, p. 483, � 2, effective September 1. L. 2007: IP(a), (a)(6), (b), IP(c), and (c)(2) amended, p. 371, � 17, effective August 3.