Colorado § 40-20-112 - Execution of contract.
Full text of Colorado Colorado Revised Statutes § 40-20-112 — Execution of contract., with citation guidance and answers to common questions.
§ 40-20-112. Execution of contract.
(1) Every such contract, specified in sections 40-20-110 and 40-20-111, shall be good, valid, and effectual, both in law and equity, against all purchasers and creditors, provided:
(a) The contract is acknowledged by the vendee or lessee before some officer authorized by law to take acknowledgments of deeds;
(b) Such instrument is recorded or a copy thereof filed in the office of the secretary of state and in the office of the county clerk and recorder of each of the counties in which the railroad may be operated in this state;
(c) Each locomotive engine or car so sold or contracted to be sold or leased has the name of the vendor or lessor or the assignee of such vendor or lessor plainly placed or marked on each side thereof or otherwise marked so as to indicate the ownership thereof or that the same is covered by such special contract.
Source: L. 1885: p. 303, § 3. R.S. 08: § 5525. C.L. § 2908. CSA: C. 139, § 94. CRS 53: § 116-1-12. C.R.S. 1963: § 116-1-12.
ANNOTATION
This section provides for execution of contracts in reference to matters covered in the two preceding sections. It requires, inter alia, that such contracts be acknowledged by the vendee or lessees before some officer authorized by law to take acknowledgments of deeds, and to be recorded in the office of the secretary of state and in the office of the recorder of each of the counties in which the railroad may be operated in this state. 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).
Frequently Asked Questions About Colorado § 40-20-112
What does Colorado Revised Statutes § 40-20-112 cover?
Section 40-20-112 ("Execution of contract.") 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 § 40-20-112?
A common citation format is "Colorado Revised Statutes § 40-20-112" (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 § 40-20-112 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.