Colorado Statutes
§ 4-4-109 — Delays
Colorado § 4-4-109
This text of Colorado § 4-4-109 (Delays) 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. § 4-4-109 (2026).
Text
(a)Unless otherwise instructed, a collecting bank in a good
faith effort to secure payment of a specific item drawn on a payor other than a
bank, and with or without the approval of any person involved, may waive, modify, or
extend time limits imposed or permitted by this title for a period not exceeding two
additional banking days without discharge of drawers or indorsers or liability to its
transferor or a prior party.
(b)Delay by a collecting bank or payor bank beyond time limits prescribed or
permitted by this title or by instructions is excused if (i) the delay is caused by
interruption of communication or computer facilities, suspension of payments by
another bank, war, emergency conditions, failure of equipment, or other
circumstances beyond the control of the bank, and
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Legislative History
Source: L. 94: Entire article amended with relocations, p. 884, � 2, effective
January 1, 1995.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
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Bluebook (online)
Colorado § 4-4-109, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/4-4-109.