Colorado § 35-55-114 Title

Colorado Statutes

§ 35-55-114 — Title

Colorado·Title 35 Agriculture·Art. Public Livestock Markets

The operator of each public livestock market in the state
shall warrant to the purchaser of such a public livestock market the title of all
livestock sold through the operator's public livestock market and is liable to the
rightful owner of the public livestock market for the net proceeds in cash received
for such livestock so sold. If such an operator is notified by the authorized brand
inspector that there is a question as to whether any designated livestock sold
through the public livestock market is lawfully owned by the consignor of the
public livestock market, the operator shall hold the proceeds received from the sale
of the livestock for a reasonable time, not to exceed thirty days, to permit the
consignor to establish ownership. If, at the expiration of that time, the con

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The operator of each public livestock market in the state
shall warrant to the purchaser of such a public livestock market the title of all
livestock sold through the operator's public livestock market and is liable to the
rightful owner of the public livestock market for the net proceeds in cash received
for such livestock so sold. If such an operator is notified by the authorized brand
inspector that there is a question as to whether any designated livestock sold
through the public livestock market is lawfully owned by the consignor of the
public livestock market, the operator shall hold the proceeds received from the sale
of the livestock for a reasonable time, not to exceed thirty days, to permit the
consignor to establish ownership. If, at the expiration of that time, the consignor
fails to establish the consignor's lawful ownership of the livestock, the operator
shall release the proceeds to the state board of stock inspection commissioners,
which board may dispose of the proceeds in accordance with Colorado's estray
laws relating to the distribution of estray money, and the board's receipt of the
proceeds relieves the operator from further responsibility for the proceeds. The
authorized brand inspector shall transmit to the state board of stock inspection
commissioners proof of ownership and an account of all sales of livestock.

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Legislative History

Source: L. 49: p. 703, � 14. CSA: C. 160, � 209(31). CRS 53: � 8-11-14. C.R.S. 1963: � 8-11-14. L. 65: p. 239, � 13. L. 2025: Entire section amended, (HB 25-1084), ch. 24, p. 139, � 156, effective August 6.