Colorado § 7-56-506 - Warehouse receipts - interest in warehouse entities.
Full text of Colorado Colorado Revised Statutes § 7-56-506 — Warehouse receipts - interest in warehouse entities., with citation guidance and answers to common questions.
§ 7-56-506. Warehouse receipts - interest in warehouse entities.
If a cooperative formed under or that has elected to be subject to this article organizes, forms, operates, owns, controls, has an interest in, owns stock of, or is a member of any commodities warehouse, the warehouse may issue legal warehouse receipts to the cooperative against the commodities delivered by it or to any other person, and any legal warehouse receipt shall be considered as adequate collateral to the extent of the usual and current value of the commodity represented by the receipt. If the warehouse is licensed or licensed and bonded under the law of this state, any other state, or the United States, its warehouse receipt delivered to the cooperative on commodities of the cooperative or its members or delivered by the cooperative or its members shall not be challenged or discriminated against because of ownership or control, wholly or in part, by the cooperative.
Source: L. 96: Entire article R&RE, p. 511, § 1, effective July 1. L. 2003: Entire section amended, p. 2228, § 90, effective July 1, 2004.
Editor's note: This section is similar to former § 7-56-125 as it existed prior to 1996.
Cross references: For other duties and liabilities of warehouses, see article 7 of title 4 and part 2 of article 36 of title 35.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-56-506
What does Colorado Revised Statutes § 7-56-506 cover?
Section 7-56-506 ("Warehouse receipts - interest in warehouse entities.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 7-56-506?
A common citation format is "Colorado Revised Statutes § 7-56-506" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 7-56-506 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.