No land shall be sold upon an application filed under this article unless the applicant shall bid therefor an amount at least equal to the appraised value thereof. Applicants and all other persons purchasing at said sale may bid therefor in any amount in excess of said appraised value.L. 21: p. 661, § 5. C.L. § 1206. CSA: C. 134, § 105. CRS 53: § 112-5-5. C.R.S. 1963: § 112-5-5.
Colorado Legal Code