Colorado § 42-6-201 Definitions

Colorado Statutes

§ 42-6-201 — Definitions

Colorado·Title 42 Vehicles and·Art. Certificates of Title -

As used in this part 2, unless the context otherwise requires:

(1)Owner means the person who holds the legal title of a motor vehicle, but, in the event a motor vehicle is the subject of an agreement for the conditional sale or lease thereof, with the right to purchase upon the performance of the conditions stated in the agreement and with an immediate right to possession vested in the conditional vendee or lessee, or in the event a mortgagor of a vehicle is entitled to possession, then such conditional vendee, lessee, or mortgagor shall be deemed the owner.

(2)Person means an individual, firm, association, corporation, or partnership.

(3)Private sale means a sale or transfer of a used motor vehicle between two persons neither of whom is a used motor vehicle dealer.

(4)Ret

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As used in this part 2, unless the context otherwise
requires:

(1) Owner means the person who holds the legal title of a motor vehicle,
but, in the event a motor vehicle is the subject of an agreement for the conditional
sale or lease thereof, with the right to purchase upon the performance of the
conditions stated in the agreement and with an immediate right to possession
vested in the conditional vendee or lessee, or in the event a mortgagor of a vehicle
is entitled to possession, then such conditional vendee, lessee, or mortgagor shall
be deemed the owner.

(2) Person means an individual, firm, association, corporation, or
partnership.

(3) Private sale means a sale or transfer of a used motor vehicle between
two persons neither of whom is a used motor vehicle dealer.

(4) Retail used motor vehicle sale means a sale or transfer of a used motor
vehicle from a used motor vehicle dealer to a person other than a used motor
vehicle dealer.

(5) Sale means that the buyer of the used motor vehicle has paid the
purchase price or, in lieu thereof, has signed a purchase contract or security
agreement and has taken physical possession or delivery of the used motor vehicle.

(6) Sale between used motor vehicle dealers means a sale or transfer of a
used motor vehicle from one used motor vehicle dealer to another.

(7) Sale from an owner other than a used motor vehicle dealer to a used
motor vehicle dealer means any sale, trade-in, or other transfer of a used motor
vehicle from a person other than a used motor vehicle dealer to a used motor
vehicle dealer.

(8) Used motor vehicle means every self-propelled motor vehicle having a
gross weight of less than sixteen thousand pounds that has been sold, bargained
for, exchanged, given away, leased, loaned, or driven as a company executive car
or the title to which has been transferred from the person who first acquired it from
the manufacturer or importer and it is so used as to have become what is commonly
known as secondhand within the ordinary meaning thereof. A previously untitled
motor vehicle that has been driven by the dealer for more than one thousand five
hundred miles, excluding mileage incurred in the transit of the motor vehicle from
the manufacturer to the dealer or from another dealer to the dealer, shall be
considered a used motor vehicle. This shall not apply to any automobile
manufactured before January 1, 1942.

(9) Used motor vehicle dealer means any licensed motor vehicle dealer,
used motor vehicle dealer, or wholesaler as defined by section 44-20-102.

Colorado § 42-6-201 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 94: Entire title amended with relocations, p. 2469, � 1, effective January 1, 1995. L. 97: (8) amended, p. 558, � 2, effective August 6. L. 2017: (9) amended, (SB 17-240), ch. 395, p. 2067, � 57, effective July 1. L. 2018: (9) amended, (SB 18-030), ch. 7, p. 143, � 25, effective October 1.