Meadow Homes Development Corp. v. Bowens

Opinion by

Judge CONNELLY.

This case involves competing claims to a bond: a "security" covered by Revised Article 8 of the Uniform Commercial Code (UCC). See §§ 4-8-101 to -511, C.R.S8.2008 (codifying Revised Article 8 in substantial part and in all parts relevant to this case). The parties who had or elaimed interests in the bond were: (A) the original owners of the bond (collectively the Horvats); (B) appellee Meadow Homes Development Corp., the entity that was entitled to purchase the bond if the Horvats failed to close on the underlying property development; and (C) appellant Ronald R.…