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Current as of January 01, 2022 | Updated by FindLaw Staff
(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.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 32. Special Districts § 32-11-549. Acceptance of best bid - last updated January 01, 2022 | https://codes.findlaw.com/co/title-32-special-districts/co-rev-st-sect-32-11-549/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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