Colorado § 40-20-110 - Title to equipment.
Full text of Colorado Colorado Revised Statutes § 40-20-110 — Title to equipment., with citation guidance and answers to common questions.
§ 40-20-110. Title to equipment.
In any written contract for the sale of railroad equipment or rolling stock, deliverable immediately or subsequently, at stipulated periods, by the terms of which the purchase money, in whole or in part, is to be paid in the future, it may be agreed that the title to the property so sold or contracted to be sold shall not pass to or vest in the vendee until the purchase money has been fully paid or that the vendor shall retain a lien thereon for the unpaid purchase money, notwithstanding delivery thereof to and possession by the vendee for a period not to exceed twenty-five years in any one contract, which terms shall be expressed in said contract; but the situs or location of all such property shall, for the purposes of taxation and revenue, be deemed to be within the state of Colorado.
Source: L. 1885: p. 302, § 1. L. 05: p. 305, § 1. R.S. 08: § 5523. C.L. § 2906. CSA: C. 139, § 92. CRS 53: § 116-1-10. C.R.S. 1963: § 116-1-10.
ANNOTATION
Purpose of section. This section provides for contracts whereby the vendor of railroad equipment may preserve title in himself until payment for such equipment is made and thus prevent the same from being covered by superior mortgage liens. Booth v. Central Sav. Bank, 58 Colo. 519, 146 P. 240 (1915).
Section a part of agreement or contract. By a well-known rule of construction this and the following sections are written into and become a part of an agreement or contract. Central Locomotive & Car Works v. Smith, 27 Colo. App. 449, 150 P. 241 (1915).
Receivers required to pay balance due under contract or return locomotives. Central Locomotive & Car Works v. Smith, 27 Colo. App. 449, 150 P. 241 (1915).
Frequently Asked Questions About Colorado § 40-20-110
What does Colorado Revised Statutes § 40-20-110 cover?
Section 40-20-110 ("Title to equipment.") 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 § 40-20-110?
A common citation format is "Colorado Revised Statutes § 40-20-110" (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 § 40-20-110 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.