Colorado § 40-20-111 - Lease may stipulate sale.
Full text of Colorado Colorado Revised Statutes § 40-20-111 — Lease may stipulate sale., with citation guidance and answers to common questions.
§ 40-20-111. Lease may stipulate sale.
In any written contract for the leasing or renting of railroad equipment or rolling stock, it is lawful to stipulate for a conditional sale thereof at the termination of such lease and to stipulate that the rentals received, as paid or when paid in full, may be applied and treated as purchase money and that the title to such property shall not vest in such lessee or vendee until the purchase money has been paid in full, notwithstanding delivery to and possession by such lessee or vendee.
Source: L. 1885: p. 303, § 2. R.S. 08: § 5524. C.L. § 2907. CSA: C. 139, § 93. CRS 53: § 116-1-11. C.R.S. 1963: § 116-1-11.
ANNOTATION
This section regulates the leasing of railroad equipment, and also provides for conditional sale thereof and prevents title thereto from passing to lessee or vendee until the purchase money shall have been paid in full. Booth v. Central Sav. Bank, 58 Colo. 519, 146 P. 240 (1915).
Applied in Central Locomotive & Car Works v. Smith, 27 Colo. App. 449, 150 P. 241 (1915).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 40-20-111
What does Colorado Revised Statutes § 40-20-111 cover?
Section 40-20-111 ("Lease may stipulate sale.") 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 § 40-20-111?
A common citation format is "Colorado Revised Statutes § 40-20-111" (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 § 40-20-111 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.