Colorado § 4-9-306.7 - Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles.
Full text of Colorado Colorado Revised Statutes § 4-9-306.7 — Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles., with citation guidance and answers to common questions.
§ 4-9-306.7. Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles.
(a) Except as provided in subsection (b) of this section, the local law of the controllable electronic record's jurisdiction specified in section 4-12-107 (c) and (d) governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.
(b) The local law of the jurisdiction in which the debtor is located governs:
(1) Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and
(2) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.
Source: L. 2023: Entire section added, (SB 23-090), ch. 136, p. 550, § 55, effective August 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 4-9-306.7
What does Colorado Revised Statutes § 4-9-306.7 cover?
Section 4-9-306.7 ("Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles.") 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 § 4-9-306.7?
A common citation format is "Colorado Revised Statutes § 4-9-306.7" (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 § 4-9-306.7 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.