Colorado § 4-7-602 Attachment of goods covered by negotiable document of title

Colorado Statutes

§ 4-7-602 — Attachment of goods covered by negotiable document of title

Colorado·Title 04 Uniform·Art. Documents of Title

Unless a document of title was originally issued upon delivery of the goods by a
person that did not have power to dispose of them, a lien does not attach by virtue
of any judicial process to goods in the possession of a bailee for which a negotiable
document of title is outstanding unless possession or control of the document is
first surrendered to the bailee or the document's negotiation is enjoined. The bailee
may not be compelled to deliver the goods pursuant to process until possession or
control of the document is surrendered to the bailee or to the court. A purchaser of
the document for value without notice of the process or injunction takes free of the
lien imposed by judicial process.

Free access — add to your briefcase to read the full text and ask questions with AI

Unless a document of title was originally issued upon delivery of the goods by a
person that did not have power to dispose of them, a lien does not attach by virtue
of any judicial process to goods in the possession of a bailee for which a negotiable
document of title is outstanding unless possession or control of the document is
first surrendered to the bailee or the document's negotiation is enjoined. The bailee
may not be compelled to deliver the goods pursuant to process until possession or
control of the document is surrendered to the bailee or to the court. A purchaser of
the document for value without notice of the process or injunction takes free of the
lien imposed by judicial process.

Colorado § 4-7-602 (Attachment of goods covered by negotiable document of title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.