<br />ODOG12
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<br />Page 1766
<br />
<br />House Journal--l11th Day--Apr11 29, 1991
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<br />1 "SECTION 1. Repeal. 4-6-101 through 4-6-111, Colorado
<br />2 Revised Statutes, as amended, are repealed.
<br />3
<br />4 SEC1IOM 2. ^rticle 6 of title 4, Colorado Revised
<br />5 Statutes, as amended, is amended BY THE ADDITION OF A NEW
<br />6 SECTION to read:
<br />7
<br />8 4-6-112. Savings clause. (1) RIGHTS AND OBLIGATIONS
<br />9 THAT AROSE UNDER SECTIONS 4-6-101 TO 4-6-111 PRIOR TO THEIR
<br />10 REPEAL REMAIN VALID AND MAY BE ENFORCED AS THOUGH SAID
<br />11 SECTIONS HAD NOT BEEN REPEALED.
<br />12
<br />13 (2) THIS SECTION IS REPEALED, EFFECTIVE JULY 1, 1993.
<br />14
<br />15 SECTION 3. 4-1-105 (2), Colorado Revised Statutes, as
<br />16 amended, is amended to read:
<br />17
<br />18 4-1-105. Territorial application of title - parties'
<br />19 power to choose applicable law. (2) Where one of the
<br />20 following provisions of this title specifies the applicable
<br />21 law, that provision governs and a contrary agreement is
<br />22 effective only to the extent permitted by the law (including
<br />23 the conflict of laws rules) so specified:
<br />24
<br />25 Rights of creditors against sold goods. Section 4-2-402.
<br />26
<br />27 Applicability of the Article on Bank DeposIts and
<br />28 Collections. Section 4-4-102.
<br />29
<br />30 Governing law in the Article on Funds Transfers. Section
<br />31 4-4.5-507.
<br />32
<br />33 Bafk-transfers-,abject-to-the-Arttcfe-on-Bafk--fransfers~
<br />34 Sectton-4-6-7B2~
<br />35
<br />36 Applicability of the Article on Investment Securities.
<br />37 Section 4-8-106.
<br />38
<br />39 Perfection provisions of the article on secured
<br />40 transactions. Section 4-9-103.
<br />41
<br />42 SECTION 4. 4-2-403 (4), Colorado Revised Statutes, is
<br />43 amended to read:
<br />44
<br />45 4-2-403. Power to transfer - Qood faith purchase of
<br />46 Qoods - "entrusting". (4) The rights of other purchasers of
<br />47 goodS and of lien creditors are governed by the articles on
<br />48 secured transactions (article 9 of this title) batk-transfers
<br />49 tarttcte-6-of-tht'-tttfe~; and documents of title (article 7
<br />50 of this title).
<br />SI
<br />52 SECTION 5. 4-9-111, Colorado Revised Statutes, is
<br />53 repealed as follows:
<br />54
<br />55 4-9-111. Applicability of bulk transfer laws. The
<br />56
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