Colorado § 4-3-410 - Acceptance of varying draft.
Full text of Colorado Colorado Revised Statutes § 4-3-410 — Acceptance of varying draft., with citation guidance and answers to common questions.
§ 4-3-410. Acceptance of varying draft.
(a) If the terms of a drawee's acceptance vary from the terms of the draft as presented, the holder may refuse the acceptance and treat the draft as dishonored. In that case, the drawee may cancel the acceptance.
(b) The terms of a draft are not varied by an acceptance to pay at a particular bank or place in the United States, unless the acceptance states that the draft is to be paid only at that bank or place.
(c) If the holder assents to an acceptance varying the terms of a draft, the obligation of each drawer and indorser that does not expressly assent to the acceptance is discharged.
Source: L. 94: Entire article R&RE, p. 866, § 1, effective January 1, 1995.
Editor's note: This section is similar to former § 4-3-412 as it existed prior to 1994.
ANNOTATION
A conditional acceptance is as binding and effective as an absolute acceptance upon compliance with the conditions, but ineffective when the conditions have not been and probably never will be fulfilled. Barnsdall v. Waltemeyer, 142 F. 415 (8th Cir. 1905) (decided under repealed laws antecedent to CSA, C. 112, § 141, negotiable instruments law).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 4-3-410
What does Colorado Revised Statutes § 4-3-410 cover?
Section 4-3-410 ("Acceptance of varying draft.") 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 § 4-3-410?
A common citation format is "Colorado Revised Statutes § 4-3-410" (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 § 4-3-410 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.