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

Colo. Rev. Stat. § 4-8-305 (2026)

Instruction

✓ current as of July 2026
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(a) If an instruction has been originated by an appropriate person but is incomplete in any other respect, any person may complete it as authorized and the issuer may rely on it as completed, even though it has been completed incorrectly.

(b) Unless otherwise agreed, a person initiating an instruction assumes only the obligations imposed by section 4-8-108 and not an obligation that the security will be honored by the issuer.

Source: L. 96: Entire article R&RE, p. 221, § 2, effective July 1.

Editor's note: This section is similar to former § 4-8-308 as it existed prior to 1996.

Notes of Decisions
Cited in 1 case, 2016–2016 · leading case: Liberty Mortg. Corp. v. Fiscus, 2016 CO 31, 379 P.3d 278.
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Liberty Mortg. Corp. v. Fiscus, 2016 CO 31, 379 P.3d 278. “§ 4-8-305(a)(2), (b). $14 Branch Banking and Trust asserts that, under section 4-38-805(b), holders in due course are only subject to the defenses outlined in subsection (a)(1).”
Colo. Rev. Stat. § 4-8-305(a)(2): 1 case
Liberty Mortg. Corp. v. Fiscus, 2016 CO 31, 379 P.3d 278. “§ 4-8-305(a)(2), (b). $14 Branch Banking and Trust asserts that, under section 4-38-805(b), holders in due course are only subject to the defenses outlined in subsection (a)(1).”
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