Colorado § 4-3-111 - Place of payment.
Full text of Colorado Colorado Revised Statutes § 4-3-111 — Place of payment., with citation guidance and answers to common questions.
§ 4-3-111. Place of payment.
Except as otherwise provided for items in article 4 of this title, an instrument is payable at the place of payment stated in the instrument. If no place of payment is stated, an instrument is payable at the address of the drawee or maker stated in the instrument. If no address is stated, the place of payment is the place of business of the drawee or maker. If a drawee or maker has more than one place of business, the place of payment is any place of business of the drawee or maker chosen by the person entitled to enforce the instrument. If the drawee or maker has no place of business, the place of payment is the residence of the drawee or maker.
Source: L. 94: Entire article R&RE, p. 847, § 1, effective January 1, 1995.
ANNOTATION
When a note is made payable at a bank, it is considered a sufficient presentment of it if it is actually in the bank at maturity, ready to be delivered to anyone who may be entitled to it on payment. Such is the general rule, whether the bank is the holder of the note or merely an agent for collection. De La Vergne v. Globe Printing Co., 27 Colo. App. 308, 148 P. 923 (1915) (decided under repealed laws antecedent to CSA, C. 112, § 87, negotiable instruments law).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 4-3-111
What does Colorado Revised Statutes § 4-3-111 cover?
Section 4-3-111 ("Place of payment.") 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 § 4-3-111?
A common citation format is "Colorado Revised Statutes § 4-3-111" (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 § 4-3-111 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.