Colorado Statutes

§ 16-13-506 — Final order - disposition of property

Colorado·Title 16 Criminal·Art. Special Proceedings
(1)If the prosecution prevails in the forfeiture action, the court shall order the property forfeited and perfect the state's right and interest in and title to such property. The court shall also order such property to be sold at public sale by the law enforcement agency in possession of the property in the manner provided for sales on execution or in another commercially reasonable manner. The proceeds of sale shall be applied in the manner and priority enumerated in section 16-13-311. The order for sale shall perfect the state's right and interest in and title to the property and shall relate back to the date when title to the property vested in the state pursuant to section 16-13-316.
(2)In the event that the seizing agency is a state agency, proceeds allocated to such age

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Legislative History

Source: L. 84: Entire part added, p. 507, � 1, effective July 1. L. 87: IP(1) amended, (1)(c)(I) R&RE, and (1)(c)(I.5) and (4.5) added, p. 643, �� 20, 21, 22, effective July 1. L. 92: (8) amended, p. 450, � 5, effective July 1. L. 95: (1)(c) amended, p. 872, � 6, effective May 24. L. 98: (8)(b) repealed, p. 726, � 5, effective May 18. L. 2002: (1) amended, p. 928, � 11, effective July 1. L. 2003: (1) amended, p. 906, � 18, effective July 1.

Nearby Sections

15
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