§ 39-11-150 — Sales of tax liens on severed mineral interests

Colorado § 39-11-150

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Sale of Tax Liens

Text

Sales of tax liens
for delinquent taxes due on severed mineral interests shall take place at the same
place and time and under the same circumstances as in this article, but, where the
surface estate ownership is coterminous with the severed mineral interest, the
owner of the surface estate shall have the right of first refusal to purchase the tax
lien on the severed mineral interest, and the surface owner shall be allowed to pay
all delinquent taxes due and owing for the severed mineral interest in lieu of the
proceeds that would be collected from a tax sale of a tax lien on the severed
mineral interest. The treasurer shall notify the surface owner, by mail, at his last-known address, of his right of refusal at least ten days prior to the sale of a tax lien
on the severed mineral interest. The surface owner shall have until two days prior to
the sale to exercise the right of first refusal. If the surface owner does not exercise
his right of first refusal, the tax lien on such severed mineral interest shall be sold.
No action for the recovery of a severed mineral interest for which a tax deed was
issued under the provisions of this article shall lie unless brought within the same
time period as that limiting actions for the recovery of land pursuant to section 39-12-101.

Legislative History

Source: L. 73: p. 1430, � 3. C.R.S. 1963: � 137-11-50. L. 85: Entire section amended, p. 1246, � 31, effective July 1.