Colorado Revised Statutes Title 38. Property Real and Personal § 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:

(3) A sale under subsection (1) of this section must be to the highest bidder:

(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.