Colorado § 36-1-119 Purchase of improvements

Colorado Statutes

§ 36-1-119 — Purchase of improvements

Colorado·Title 36 Natural·Art. State Board of Land Commissioners

(1)Should anyone lease, purchase, or receive through an exchange any of the lands belonging to the state upon which there are authorized improvements belonging to the lessee, the new owner or new lessee shall pay the former lessee for such authorized improvements. Before a lease shall issue or before title to the land is conveyed or exchanged, the new owner or new lessee shall file in the office of the state board of land commissioners a receipt showing that the value of the improvements, as agreed upon by the parties or established by the state board, has been paid to the owner thereof in full or shall make satisfactory proof that he or she has tendered to such owner the value of the improvements so agreed upon or established by the board.

(2)Should the state board terminate o

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(1) Should anyone lease, purchase, or
receive through an exchange any of the lands belonging to the state upon which
there are authorized improvements belonging to the lessee, the new owner or new
lessee shall pay the former lessee for such authorized improvements. Before a
lease shall issue or before title to the land is conveyed or exchanged, the new
owner or new lessee shall file in the office of the state board of land commissioners
a receipt showing that the value of the improvements, as agreed upon by the
parties or established by the state board, has been paid to the owner thereof in full
or shall make satisfactory proof that he or she has tendered to such owner the
value of the improvements so agreed upon or established by the board.

(2) Should the state board terminate or cancel a lease of state lands upon
which there are authorized improvements belonging to the lessee, the board shall
pay the value of the authorized improvements established by the board to the
lessee subject to available funding for such purpose and subject to the lessee
having satisfied all outstanding obligations to the state in relation to the lease, or
unless otherwise agreed to by the lessee, or unless the value of the authorized
improvements is paid by a third party.

Colorado § 36-1-119 (Purchase of improvements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 19: p. 643, � 11. C.L. � 1164. CSA: C. 134, � 63. CRS 53: � 112-3-19. C.R.S. 1963: � 112-3-19. L. 75: Entire section amended, p. 222, � 76, effective July 16. L. 97: Entire section amended, p. 1153, � 3, effective May 28.