C.R.S. Section 4-3-103
Definitions

(a)

In this article:

(1)

“Acceptor” means a drawee who has accepted a draft.

(2)

“Drawee” means a person ordered in a draft to make payment.

(3)

“Drawer” means a person who signs or is identified in a draft as a person ordering payment.

(4)

“Good faith” means honesty in fact and the observance of reasonable commercial standards of fair dealing.

(5)

“Maker” means a person who signs or is identified in a note as a person undertaking to pay.

(6)

“Order” means a written instruction to pay money signed by the person giving the instruction. The instruction may be addressed to any person, including the person giving the instruction, or to one or more persons jointly or in the alternative but not in succession. An authorization to pay is not an order unless the person authorized to pay is also instructed to pay.

(7)

“Ordinary care” in the case of a person engaged in business means observance of reasonable commercial standards, prevailing in the area in which the person is located, with respect to the business in which the person is engaged. In the case of a bank that takes an instrument for processing for collection or payment by automated means, reasonable commercial standards do not require the bank to examine the instrument if the failure to examine does not violate the bank’s prescribed procedures and the bank’s procedures do not vary unreasonably from general banking usage not disapproved by this article or article 4 of this title.

(8)

“Party” means a party to an instrument.

(9)

“Promise” means a written undertaking to pay money signed by the person undertaking to pay. An acknowledgment of an obligation by the obligor is not a promise unless the obligor also undertakes to pay the obligation.

(10)

“Prove” with respect to a fact means to meet the burden of establishing the fact (section 4-1-201 (b)(8)).

(11)

“Remitter” means a person who purchases an instrument from its issuer if the instrument is payable to an identified person other than the purchaser.

(b)

Other definitions applying to this article and the sections in which they appear are:
“Acceptance”
Section 4-3-409
“Accommodated party”
Section 4-3-419
“Accommodation party”
Section 4-3-419
“Alteration”
Section 4-3-407
“Anomalous indorsement”
Section 4-3-205
“Blank indorsement”
Section 4-3-205
“Cashier’s check”
Section 4-3-104
“Certificate of deposit”
Section 4-3-104
“Certified check”
Section 4-3-409
“Check”
Section 4-3-104
“Consideration”
Section 4-3-303
“Demand draft”
Section 4-3-104
“Draft”
Section 4-3-104
“Holder in due course”
Section 4-3-302
“Incomplete instrument”
Section 4-3-115
“Indorsement”
Section 4-3-204
“Indorser”
Section 4-3-204
“Instrument”
Section 4-3-104
“Issue”
Section 4-3-105
“Issuer”
Section 4-3-105
“Negotiable instrument”
Section 4-3-104
“Negotiation”
Section 4-3-201
“Note”
Section 4-3-104
“Payable at a definite time”
Section 4-3-108
“Payable on demand”
Section 4-3-108
“Payable to bearer”
Section 4-3-109
“Payable to order”
Section 4-3-109
“Payment”
Section 4-3-602
“Person entitled to enforce”
Section 4-3-301
“Presentment”
Section 4-3-501
“Reacquisition”
Section 4-3-207
“Special indorsement”
Section 4-3-205
“Teller’s check”
Section 4-3-104
“Transfer of instrument”
Section 4-3-203
“Traveler’s check”
Section 4-3-104
“Value”
Section 4-3-303

(c)

The following definitions in other articles apply to this article:
“Bank”
Section 4-4-105
“Banking day”
Section 4-4-104
“Clearing house”
Section 4-4-104
“Collecting bank”
Section 4-4-105
“Depositary bank”
Section 4-4-105
“Documentary draft”
Section 4-4-104
“Intermediary bank”
Section 4-4-105
“Item”
Section 4-4-104
“Payor bank”
Section 4-4-105
“Suspends payments”
Section 4-4-104

(d)

In addition, article 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this article.

Source: Section 4-3-103 — Definitions, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-04.­pdf (accessed Oct. 20, 2023).

4‑3‑101
Short title 4‑3‑102
Subject matter 4‑3‑103
Definitions 4‑3‑104
Negotiable instrument 4‑3‑105
Issue of instrument 4‑3‑106
Unconditional promise or order 4‑3‑107
Instrument payable in foreign money 4‑3‑108
Payable on demand or at definite time 4‑3‑109
Payable to bearer or to order 4‑3‑110
Identification of person to whom instrument is payable 4‑3‑111
Place of payment 4‑3‑112
Interest 4‑3‑113
Date of instrument 4‑3‑114
Contradictory terms of instrument 4‑3‑115
Incomplete instrument 4‑3‑116
Joint and several liability 4‑3‑117
Other agreements affecting instrument 4‑3‑118
Statute of limitations 4‑3‑119
Notice of right to defend action 4‑3‑201
Negotiation 4‑3‑202
Negotiation subject to rescission 4‑3‑203
Transfer of instrument 4‑3‑204
Indorsement 4‑3‑205
Special indorsement 4‑3‑206
Restrictive indorsement 4‑3‑207
Reacquisition 4‑3‑301
Person entitled to enforce instrument 4‑3‑302
Holder in due course 4‑3‑303
Value and consideration 4‑3‑304
Overdue instrument 4‑3‑305
Defenses and claims in recoupment 4‑3‑306
Claims to an instrument 4‑3‑307
Notice of breach of fiduciary duty 4‑3‑308
Proof of signatures and status as holder in due course 4‑3‑309
Enforcement of lost, destroyed, or stolen instrument 4‑3‑310
Effect of instrument on obligation for which taken 4‑3‑311
Accord and satisfaction by use of instrument 4‑3‑312
Lost, destroyed, or stolen cashier’s check, teller’s check, or certified check 4‑3‑401
Signature necessary for liability on instrument 4‑3‑402
Signature by representative 4‑3‑403
Unauthorized signature 4‑3‑404
Impostors 4‑3‑405
Employer’s responsibility for fraudulent indorsement by employee 4‑3‑406
Negligence contributing to forged signature or alteration of instrument 4‑3‑407
Alteration 4‑3‑408
Drawee not liable on unaccepted draft 4‑3‑409
Acceptance of draft 4‑3‑410
Acceptance of varying draft 4‑3‑411
Refusal to pay cashier’s checks, teller’s checks, and certified checks 4‑3‑412
Obligation of issuer of note or cashier’s check 4‑3‑413
Obligation of acceptor 4‑3‑414
Obligation of drawer 4‑3‑415
Obligation of indorser 4‑3‑416
Transfer warranties 4‑3‑417
Presentment warranties 4‑3‑418
Payment or acceptance by mistake 4‑3‑419
Instruments signed for accommodation 4‑3‑420
Conversion of instrument 4‑3‑501
Presentment 4‑3‑502
Dishonor 4‑3‑503
Notice of dishonor 4‑3‑504
Excused presentment and notice of dishonor 4‑3‑505
Evidence of dishonor 4‑3‑506
Recording credit card or social security numbers prohibited 4‑3‑601
Discharge and effect of discharge 4‑3‑602
Payment 4‑3‑603
Tender of payment 4‑3‑604
Discharge by cancellation or renunciation 4‑3‑605
Discharge of indorsers and accommodation parties
Green check means up to date. Up to date

Current through Fall 2024

§ 4-3-103’s source at colorado​.gov