Colorado § 5-10-703 Assignee liability

Colorado Statutes

§ 5-10-703 — Assignee liability

Colorado·Title 05 Consumer·Art. Rental Purchase Agreements

(1)With respect to a rental purchase agreement, an assignee of the rights of the lessor is subject to all claims and defenses of the lessee against the lessor arising from the lease of property or services, notwithstanding that the assignee is the holder in due course of a negotiable instrument issued in violation of the provisions prohibiting certain negotiable instruments.

(2)A claim or defense of a lessee specified in subsection (1) of this section may be asserted against the assignee under this section only to the extent of the amount owing and paid to the assignee and assignor.

(3)An agreement may not limit or waive the claims or defenses of a lessee under this section.

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(1) With respect to a rental purchase
agreement, an assignee of the rights of the lessor is subject to all claims and
defenses of the lessee against the lessor arising from the lease of property or
services, notwithstanding that the assignee is the holder in due course of a
negotiable instrument issued in violation of the provisions prohibiting certain
negotiable instruments.

(2) A claim or defense of a lessee specified in subsection (1) of this section
may be asserted against the assignee under this section only to the extent of the
amount owing and paid to the assignee and assignor.

(3) An agreement may not limit or waive the claims or defenses of a lessee
under this section.

Colorado § 5-10-703 (Assignee liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.