{"data":{"id":"us-co/c.r.s.-4-9-622","jurisdiction":"us-co","citation":"C.R.S. § 4-9-622","heading":"Effect of acceptance of collateral.","body":"(a) A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:\n\n(1) Discharges the obligation to the extent consented to by the debtor;\n\n(2) Transfers to the secured party all of a debtor's rights in the collateral;\n\n(3) Discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and\n\n(4) Terminates any other subordinate interest.\n\n(b) A subordinate interest is discharged or terminated under subsection (a) of this section, even if the secured party fails to comply with this article.","path":["Title 4 - UNIFORM COMMERCIAL CODE","Article 9 - Secured Transactions","Part 6 - DEFAULT"],"source_url":"https://olls.info/crs/crs2026-title-04.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"2a0f8b813db29d8c6c845764c45fdd35a38c463624e1942503dd7dc4d6ddf10e","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-4-9-621","next":"us-co/c.r.s.-4-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}