Colorado § 32-11-549 - Acceptance of best bid.
Full text of Colorado Colorado Revised Statutes § 32-11-549 — Acceptance of best bid., with citation guidance and answers to common questions.
§ 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.
Source: L. 69: p. 776, § 91. C.R.S. 1963: § 89-21-91.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 32-11-549
What does Colorado Revised Statutes § 32-11-549 cover?
Section 32-11-549 ("Acceptance of best bid.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 32-11-549?
A common citation format is "Colorado Revised Statutes § 32-11-549" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 32-11-549 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.