Colorado § 35-36-206 - Bailment of commodities.
Full text of Colorado Colorado Revised Statutes § 35-36-206 — Bailment of commodities., with citation guidance and answers to common questions.
§ 35-36-206. Bailment of commodities.
(1) Acceptance of commodities for storage by a warehouse operator constitutes a bailment and not a sale. Stored commodities are not subject to seizure upon process of a court in an action against the bailee, except upon action by owners of the stored commodities or the commissioner to enforce the terms of the bailment; but, in the event of the failure or insolvency of a bailee, commodities shall be first applied exclusively to the settlement on an equal basis of all outstanding negotiable warehouse receipts and other open storage obligations for commodities so stored with the bailee.
(2) Forwarded commodities shall be used only to meet the storage obligation to the forwarding warehouse operator.
(3) The purchase of a commodity does not constitute a bailment.
Source: L. 2020: Entire article amended with relocations, (HB 20-1213), ch. 160, p. 728, § 2, effective June 29.
Editor's note: This section is similar to former § 35-36-108 as it existed prior to 2020.
ANNOTATION
Law reviews. For article, "Grain Elevator Insolvency: State Law And Bankruptcy Law Considerations", see 19 Colo. Law. 635 (1990).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 35-36-206
What does Colorado Revised Statutes § 35-36-206 cover?
Section 35-36-206 ("Bailment of commodities.") 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 § 35-36-206?
A common citation format is "Colorado Revised Statutes § 35-36-206" (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 § 35-36-206 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.