§ 39-11.5-115 — Certificate of option for treasurer's deed - assignability

Colorado § 39-11.5-115

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Issuance of Treasurer's Deeds

Text

(1)
The treasurer shall prepare, sign, and retain for safekeeping or deliver to the
purchaser a certificate of option for treasurer's deed describing the property and
confirming, except in the case of the purchaser described in section 39-11.5-101
(14)(c), that payment has been made. The treasurer may charge the purchaser a fee
in an amount equal to the amount established in section 38-37-104 (1)(b)(IV) for
each such certificate.

(2) The certificate of option for treasurer's deed is assignable by
endorsement, and an assignment thereof, when entered upon the record of sales in
the offices of the county clerk and recorder and the treasurer, vests in the assignee
or the assignee's legal representative all the right and title of the purchaser.

(3) Upon the issuance of a certificate of option, if the lawful holder has not
redeemed pursuant to section 39-11.5-111, the treasurer shall disburse the
remaining proceeds that the lawful holder is entitled to from the public auction to
the lawful holder to receive them.

Legislative History

Source: L. 2024: Entire article added, (HB 24-1056), ch. 165, p. 799, � 5, effective July 1.