Colorado § 35-36-206 Bailment of commodities

Colorado Statutes

§ 35-36-206 — Bailment of commodities

Colorado § 35-36-206

Title 35Agriculture

Art.Commodities Handlers and Farm Products

This text of Colorado § 35-36-206 (Bailment of commodities) 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. § 35-36-206 (2026).

Text

(1)Acceptance of commodities for storage by a warehouse operator constitutes a bailment and not a sale. Stored commodities are not subject to seizure upon process of a court in an action against the bailee, except upon action by owners of the stored commodities or the commissioner to enforce the terms of the bailment; but, in the event of the failure or insolvency of a bailee, commodities shall be first applied exclusively to the settlement on an equal basis of all outstanding negotiable warehouse receipts and other open storage obligations for commodities so stored with the bailee.

(2)Forwarded commodities shall be used only to meet the storage obligation to the forwarding warehouse operator.

(3)The purchase of a commodity does not constitute a bailment.

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(1) Acceptance of commodities for
storage by a warehouse operator constitutes a bailment and not a sale. Stored
commodities are not subject to seizure upon process of a court in an action against
the bailee, except upon action by owners of the stored commodities or the
commissioner to enforce the terms of the bailment; but, in the event of the failure or
insolvency of a bailee, commodities shall be first applied exclusively to the
settlement on an equal basis of all outstanding negotiable warehouse receipts and
other open storage obligations for commodities so stored with the bailee.

(2) Forwarded commodities shall be used only to meet the storage obligation
to the forwarding warehouse operator.

(3) The purchase of a commodity does not constitute a bailment.