Colorado Statutes
§ 32-11-549 — Acceptance of best bid
(1)Subject to the right of the board to
reject any and all bids, the securities shall be sold to the responsible bidder making
the best bid.
(2)If there are two or more equal bids for the securities and such equal bids
are the best bids received and not less than the principal amount of the securities
and accrued interest, except for any permitted discount, the board shall determine
which bid shall be accepted.
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Legislative History
Source: L. 69: p. 776, � 91. C.R.S. 1963: � 89-21-91.
Nearby Sections
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§ 32-1-1001
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Definitions§ 32-1-104.8
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Early hearings