Colorado § 6-10-154 - Disposition of property when no market.
Full text of Colorado Colorado Revised Statutes § 6-10-154 — Disposition of property when no market., with citation guidance and answers to common questions.
§ 6-10-154. Disposition of property when no market.
(1) When any difficulty is encountered by an assignee in converting the assigned property of an assignment, or any part thereof, into cash on account of there being no sufficient market for the property, or for any other good reason, the court may direct by such order as described in section 6-10-153 the distribution of the property in kind among the creditors electing to take property. Creditors not electing to take property shall be paid an equal pro rata in cash, fixing by appraisement or sworn evidence in courts such price or value upon each piece, parcel, or item of property as shall make it bear and pay its proportion of the entire indebtedness of the estate, and as is just and equitable between the assignor and the creditors and all persons interested in the assigned estate.
(2) When the court authorizes the assignee to exchange the property in payment of the proved indebtedness of the estate at the prices fixed as described in subsection (1) of this section, and when, in the opinion of the court, the best interests of the estate are promoted thereby, the court may order the assignee to first offer the property at public auction. In such case, the court shall provide by its order the kind and form of notice to be given of the sale. The assignee at the sale shall offer and sell the property to the highest and best bidder in proved accounts against the estate, and the assignee shall not accept any bid lower than the price fixed by the court on the property.
Source: L. 1897: p. 112, § 2. R.S. 08: § 227. C.L. § 6294. CSA: C. 12, § 54. CRS 53: § 11-1-55. C.R.S. 1963: § 11-1-55. L. 2026: Entire section amended, (HB 26-1426), ch. 334, p. 2012, § 59, effective August 12.
PATENTS - PROHIBITED COMMUNICATION
ARTICLE 12
Prohibited Communication Concerning Patents
6-12-101. Definitions.
6-12-102. Bad faith patent infringement communications - prohibition.
6-12-103. Exclusions.
6-12-104. Enforcement.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 6-10-154
What does Colorado Revised Statutes § 6-10-154 cover?
Section 6-10-154 ("Disposition of property when no market.") 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 § 6-10-154?
A common citation format is "Colorado Revised Statutes § 6-10-154" (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 § 6-10-154 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.