Colo. Rev. Stat. » Title 4
Colorado Revised Statutes

Colo. Rev. Stat. § 4-5-101 (2024)

Short title

✓ C.R.S. 2024: the 2025 and 2026 sessions are not included
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This article may be cited as "Uniform Commercial Code - Letters of Credit".

Source: L. 96: Entire article R&RE, p. 191, § 1, effective July 1.

Editor's note: This section is similar to former § 4-5-101 as it existed prior to 1996.

Notes of Decisions
Cited in 4 cases, 1981–1986 · leading case: Colorado Nat'l Bank of Denver v. Bd. of Cnty. Commissioners, 634 P.2d 32 (Colo. 1981).
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Colorado Nat'l Bank of Denver v. Bd. of Cnty. Commissioners, 634 P.2d 32 (Colo. 1981). · cites it 6× “The court of appeals affirmed the judgment of the trial court ruling that standby letters of credit are governed by article 5 of the Uniform Commercial Code, section 4-5-101 et seq., C.R.S.1973, and that an issuer must honor a draft or demand for payment which complies with the…”
Gen. Ins. Co. of Am. v. City of Colorado Springs, 638 P.2d 752 (Colo. 1981). · cites it 2× “The issuer’s liability is founded on Article 5 of the Uniform Commercial Code, section 4-5-101 et seq., C.R.S, 1973. In the case of a surety agreement, however, the rights and liabilities of the parties are based on the law of contract and suretyship.”
Schmidt-Tiago Constr. Co. v. City of Colorado Springs, 633 P.2d 533 (Colo. Ct. App. 1981). “The ordinances require only that the City obtain protection for itself and the public that it serves to assure that subdividers will complete required public improvements. These ordinances cannot reasonably be interpreted to imply that there was any intent to protect any party…”
Rival 1981-IV Drilling Prog., Ltd. v. Guar. Bank & Trust, 732 P.2d 1233 (Colo. Ct. App. 1986). “By the terms of the limited partnership agreement each limited partner was required to make a capital contribution, the major portion of which could be supplied in the form of a letter of credit, a type of security governed by § 4-5-101, et seq., C.R.S., of the Uniform…”
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