Colorado Statutes
§ 40-20-111 — Lease may stipulate sale
In any written contract for the leasing
or renting of railroad equipment or rolling stock, it is lawful to stipulate for a
conditional sale thereof at the termination of such lease and to stipulate that the
rentals received, as paid or when paid in full, may be applied and treated as
purchase money and that the title to such property shall not vest in such lessee or
vendee until the purchase money has been paid in full, notwithstanding delivery to
and possession by such lessee or vendee.
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Legislative History
Source: L. 1885: p. 303, � 2. R.S. 08: � 5524. C.L. � 2907. CSA: C. 139, � 93. CRS 53: � 116-1-11. C.R.S. 1963: � 116-1-11.
Nearby Sections
15
§ 40-1-101
Short title - public utilities law§ 40-1-102
Definitions§ 40-1-103
Public utility defined§ 40-1-103.3
Alternative fuel vehicles - definition§ 40-1-104
Securities - issuance§ 40-1.1-101
Legislative declaration§ 40-1.1-102
Definitions§ 40-1.1-103
Classification of transportation§ 40-1.1-104
Inapplicable laws and regulations§ 40-1.1-105
Insurance for volunteers§ 40-1.1-106
Safety and insurance regulation§ 40-10.1-101
Definitions§ 40-10.1-102
Powers of commission§ 40-10.1-103
Subject to control by commission§ 40-10.1-104
Compliance