Colorado § 4-9-622 Effect of acceptance of collateral

Colorado Statutes

§ 4-9-622 — Effect of acceptance of collateral

Colorado § 4-9-622

Title 04Uniform

Art.Secured Transactions

This text of Colorado § 4-9-622 (Effect of acceptance of collateral) 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. § 4-9-622 (2026).

Text

(a)A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:

(1)Discharges the obligation to the extent consented to by the debtor;

(2)Transfers to the secured party all of a debtor's rights in the collateral;

(3)Discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and

(4)Terminates any other subordinate interest.

(b)A subordinate interest is discharged or terminated under subsection (a) of this section, even if the secured party fails to comply with this article.

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(a) A secured party's
acceptance of collateral in full or partial satisfaction of the obligation it secures:

(1) Discharges the obligation to the extent consented to by the debtor;

(2) Transfers to the secured party all of a debtor's rights in the collateral;

(3) Discharges the security interest or agricultural lien that is the subject of
the debtor's consent and any subordinate security interest or other subordinate
lien; and

(4) Terminates any other subordinate interest.

(b) A subordinate interest is discharged or terminated under subsection (a)
of this section, even if the secured party fails to comply with this article.