C.R.S. § 39-11.5-302: Effect of repurchase.

If the lawful holder makes a repurchase, the certificate of repurchase, duly recorded, operates as an assignment to the lawful holder of the estate and interest acquired by the purchaser at the public auction, subject to the rights of omitted parties, as defined in section 39-11.5-505, and persons who may be entitled subsequently to file a claim for overbid money.