Colorado § 4-9-301 Law governing perfection and priority of security interests

Colorado Statutes

§ 4-9-301 — Law governing perfection and priority of security interests

Colorado·Title 04 Uniform·Art. Secured Transactions

Except as otherwise provided in sections 4-9-303 to 4-9-306.7, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral:

(1)Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral.

(2)While collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral.

(3)Except as otherwise provided in subsection (4) of this section, while negotiable tangible documen

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Except as otherwise provided in sections 4-9-303 to 4-9-306.7, the following rules
determine the law governing perfection, the effect of perfection or nonperfection,
and the priority of a security interest in collateral:

(1) Except as otherwise provided in this section, while a debtor is located in a
jurisdiction, the local law of that jurisdiction governs perfection, the effect of
perfection or nonperfection, and the priority of a security interest in collateral.

(2) While collateral is located in a jurisdiction, the local law of that
jurisdiction governs perfection, the effect of perfection or nonperfection, and the
priority of a possessory security interest in that collateral.

(3) Except as otherwise provided in subsection (4) of this section, while
negotiable tangible documents, goods, instruments, or money is located in a
jurisdiction, the local law of that jurisdiction governs:

(A) Perfection of a security interest in the goods by filing a fixture filing;

(B) Perfection of a security interest in timber to be cut; and

(C) The effect of perfection or nonperfection and the priority of a
nonpossessory security interest in the collateral.

(4) The local law of the jurisdiction in which the wellhead or minehead is
located governs perfection, the effect of perfection or nonperfection, and the
priority of a security interest in as-extracted collateral.

Colorado § 4-9-301 (Law governing perfection and priority of security interests) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2001: Entire article R&RE, p. 1341, � 1, effective July 1. L. 2006: IP(3) amended, p. 501, � 37, effective September 1. L. 2023: IP and IP(3) amended, (SB 23-090), ch. 136, p. 550, � 52, effective August 7.