Colo. Rev. Stat. § 4-9-306.7
Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles.
Effective Aug 7, 2023L. 2023: Entire section added, (SB 23-090), ch. 136, p. 550, § 55, effective August 7.
- (a) Except as provided in subsection (b) of this section, the local law of the controllable electronic record's jurisdiction specified in section 4-12-107 (c) and (d) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.
- (b) The local law of the jurisdiction in which the debtor is located governs:
- (1) Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and
- (2) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.
Source: L. 2023: Entire section added, (SB 23-090), ch. 136, p. 550, § 55, effective August 7.