C.R.S. § 6-2-110

(1) The provisions of sections 6-2-105 to 6-2-107 shall not apply to any sale made: (a) In closing out in good faith the owner’s stock or any part thereof for the purpose of discontinuing his trade in any such stock or commodity, and in the case of the sale of seasonal goods or the bona fide sale of perishable goods to prevent loss to the vendor by spoilage or depreciation, if notice is given to the public thereof; (b) When the goods are damaged or deteriorated in quality and notice is given to the public thereof; (c) By an officer acting under the orders of any court; (d) In an endeavor made in good faith to meet the prices of a competitor selling the same product or service in the same locality or trade area. (2) Any person, firm, or corporation who performs work upon, renovates, alters, or improves any personal property belonging to another person, firm, or corporation shall be construed to be a vendor within the meaning of this article.