Colorado § 38-38-403 - Certificates assignable.
Full text of Colorado Colorado Revised Statutes § 38-38-403 — Certificates assignable., with citation guidance and answers to common questions.
§ 38-38-403. Certificates assignable.
(1) Every certificate of purchase or certificate of redemption that is issued to any person under this part 4 shall be assignable by indorsement thereon or by separate assignment, and the assignee shall be treated for all purposes as the original holder of the certificate of purchase or certificate of redemption. A separate assignment of a certificate of purchase or a certificate of redemption shall contain:
(a) The name and address of the assignee;
(b) The name and address of the assignor;
(c) A description of the property;
(d) The name of the foreclosing holder of the evidence of debt; and
(e) The number of the foreclosure sale held by the public trustee or the case number of the judicial foreclosure.
Source: L. 90: Entire article R&RE, p. 1668, § 2, effective October 1. L. 2005: Entire section amended, p. 399, § 7, effective August 8. L. 2006: Entire section amended, p. 1473, § 26, effective July 1. L. 2007: Entire section amended, p. 1843, § 19, effective January 1, 2008.
Editor's note: This section is similar to former § 38-39-116, as it existed prior to 1990.
ANNOTATION
Law reviews. For note on the act which inserted this section, see 28 Dicta 176 (1951). For article, "Foreclosure by Sale by Public Trustee of Deeds of Trust in Colorado", see 28 Dicta 437 (1951). For article, "Recent Statutory Amendments to the Public Trustee and Sheriff Foreclosure Process", see 15 Colo. Law. 794 (1986). For article, "1987 Statutory Amendments Concerning Foreclosures of Deeds of Trust and Mortgages", see 16 Colo. Law. 1386 (1987).
Interest acquired at foreclosure sale is assignable. The interest acquired by a purchaser at foreclosure sale under a trust deed is assignable and transferable. Bankers Bldg. & Loan Ass'n v. Fleming Bros. Lumber Co., 83 Colo. 335, 264 P. 1087 (1928) (decided under § 38-39-116 as it existed prior to the 1990 repeal and reenactment of this article and article 39).
Frequently Asked Questions About Colorado § 38-38-403
What does Colorado Revised Statutes § 38-38-403 cover?
Section 38-38-403 ("Certificates assignable.") 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 § 38-38-403?
A common citation format is "Colorado Revised Statutes § 38-38-403" (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 § 38-38-403 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.