Colorado § 38-13-701 - Public sale of property.
Full text of Colorado Colorado Revised Statutes § 38-13-701 — Public sale of property., with citation guidance and answers to common questions.
§ 38-13-701. Public sale of property.
(1) Subject to section 38-13-702, not earlier than three years after receipt of property that is presumed abandoned, the administrator may sell the property.
(2) Before selling property under subsection (1) of this section, the administrator shall give notice to the public of:
(a) The date of sale; and
(b) A reasonable description of the property.
(3) A sale under subsection (1) of this section must be to the highest bidder:
(a) At public sale at a location in this state that the administrator determines to be the most favorable market for the property; or
(b) On the internet; or
(c) On another forum the administrator determines is likely to yield the highest net proceeds of sale.
(4) The administrator may decline the highest bid at a sale under subsection (1) of this section and reoffer the property for sale if the administrator determines the highest bid is insufficient.
(5) If a sale held under this section is to be conducted other than on the internet, the administrator must publish at least one notice of the sale at least three weeks but not more than five weeks before the sale in a newspaper of general circulation in the county in which the property is sold.
Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 435, § 1, effective July 1, 2020.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 38-13-701
What does Colorado Revised Statutes § 38-13-701 cover?
Section 38-13-701 ("Public sale of property.") 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 § 38-13-701?
A common citation format is "Colorado Revised Statutes § 38-13-701" (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 § 38-13-701 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.