As used in this article, unless the context otherwise requires:(1) 'Date of sale' means the date on which a public auction begins.(2) 'Electronic funds transfer' means a transfer of funds initiated by using an electronic terminal, telephonic instrument, or computer or magnetic tape to order or authorize a financial institution to credit or debit an account. 'Electronic funds transfer' does not include a transaction originated by check, draft, or similar paper instrument.(3) 'Negotiable paper' means a bank check, draft, express or post office money order, or cashier's checks approved by the treasurer.(4) 'Public auction' means the sale of lands or town lots under this article at a venue or through a medium that allows members of the public to bid and purchase the lands or town lots.L. 2005: Entire section added, p. 1234, § 1, effective June 3.
Colorado Legal Code