Colorado § 36-1-127 Forfeiture - new sale

Colorado Statutes

§ 36-1-127 — Forfeiture - new sale

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

If any purchaser of state land, after
receiving a certificate of purchase, fails to make any one of the payments
stipulated therein, and the same remains unpaid for thirty days after the time when
it should have been paid, as specified in the certificate, the state board of land
commissioners, after issuing notice of forfeiture and allowing thirty days additional
to pay the indebtedness as provided in section 36-1-126, may sell the land again. In
the case of a sale, all previous payments made on account of such land shall be
forfeited to the state. The land shall revert to the state and the title thereof shall be
in the state as if no sale had ever been made.

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If any purchaser of state land, after
receiving a certificate of purchase, fails to make any one of the payments
stipulated therein, and the same remains unpaid for thirty days after the time when
it should have been paid, as specified in the certificate, the state board of land
commissioners, after issuing notice of forfeiture and allowing thirty days additional
to pay the indebtedness as provided in section 36-1-126, may sell the land again. In
the case of a sale, all previous payments made on account of such land shall be
forfeited to the state. The land shall revert to the state and the title thereof shall be
in the state as if no sale had ever been made.

Colorado § 36-1-127 (Forfeiture - new sale) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 19: p. 649, � 20. C.L. � 1173. CSA: C. 134, � 72. CRS 53: � 112-3-28. C.R.S. 1963: � 112-3-28. L. 97: Entire section amended, p. 845, � 23, effective May 21.