C.R.S. § 39-11.5-501: Title vests upon expiration of repurchase period - treasurer's deed - definition.

(1) Upon the expiration of the repurchase period allowed to the lawful holder under part 3 of this article 11.5 or, upon the close of the eighth business day after the public auction, title to the property vests in the holder of the certificate of option for a treasurer's deed, or in the holder of the certificate of repurchase in the case of a repurchase. Subject to the right to claim overbid money pursuant to section 39-11.5-303 and the provisions of section 38-41-212 (2), the title is free and clear of all liens and encumbrances junior to the certificate of purchase. No later than ten business days after both title vests and the treasurer has received all statutory fees and costs, the treasurer shall execute and record a treasurer's deed pursuant to section 39-11.5-502 to the holder of the certificate of option for a treasurer's deed or, in the case of repurchase, to the holder of the certificate of repurchase, confirming the transfer of title to the property. Failure of the treasurer to execute and record the treasurer's deed or to record the treasurer's deed within the time specified in this subsection (1) does not affect the validity of the treasurer's deed or the vesting of title.

(2) Notwithstanding any provision of law to the contrary, a treasurer may not include an assignee as a grantee in a treasurer's deed, unless the following requirements are met:

(a) The treasurer has received a recorded copy of the assignment executed in accordance with section 39-11.5-403 within ten business days from the date of the public auction; and

(b) The assignment was dated, signed, and notarized or recorded prior to the time title vests.

(3) Execution of a treasurer's deed pursuant to this section does not affect the existence of any public or private roads, rights-of-way, conservation easements, other easements, or equitable servitudes that run with property and have both benefits and burdens, all as claimed or existing prior to the execution of the treasurer's deed.

(4) As used in this section, "repurchase periods" means the periods of time during which the lawful holder may repurchase the certificate of option for a treasurer's deed, as described in section 39-11.5-301 (5).