Colorado § 35-50-121 - Rights of secured parties.
Full text of Colorado Colorado Revised Statutes § 35-50-121 — Rights of secured parties., with citation guidance and answers to common questions.
§ 35-50-121. Rights of secured parties.
Each secured party, whose security interest in the subject livestock appears in the list of effective filings as maintained by the central filing officer pursuant to the "Central Filing of Effective Financing Statement Act", article 9.5 of title 4, C.R.S., prior to the commissioner's payment to the owner of any excess sales proceeds pursuant to section 35-50-109 (7); prior to the issuance to the owner of the state's certificate of indebtedness pursuant to section 35-50-114 (1); or prior to the commissioner's authorization of payment of indemnity pursuant to section 35-50-114 (2) shall have a right to the proceeds of any such payment or indemnity or to such certificate of indebtedness, which is prior to that of the owner, and the commissioner or the governor, as the case may be, shall cause the foregoing to be paid or issued jointly to each such secured party and to the owner.
Source: L. 2005: Entire article R&RE, p. 461, § 1, effective December 1.
Editor's note: The former § 35-50-121 was relocated to § 35-50-105 in 2005.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 35-50-121
What does Colorado Revised Statutes § 35-50-121 cover?
Section 35-50-121 ("Rights of secured parties.") 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 § 35-50-121?
A common citation format is "Colorado Revised Statutes § 35-50-121" (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 § 35-50-121 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.