{"data":{"id":"us-co/c.r.s.-6-10-154","jurisdiction":"us-co","citation":"C.R.S. § 6-10-154","heading":"Disposition of property when no market.","body":"(1) When any difficulty is encountered by an assignee in converting the assigned property of an assignment, or any part thereof, into cash on account of there being no sufficient market for the property, or for any other good reason, the court may direct by such order as described in section 6-10-153 the distribution of the property in kind among the creditors electing to take property. Creditors not electing to take property shall be paid an equal pro rata in cash, fixing by appraisement or sworn evidence in courts such price or value upon each piece, parcel, or item of property as shall make it bear and pay its proportion of the entire indebtedness of the estate, and as is just and equitable between the assignor and the creditors and all persons interested in the assigned estate.\n\n(2) When the court authorizes the assignee to exchange the property in payment of the proved indebtedness of the estate at the prices fixed as described in subsection (1) of this section, and when, in the opinion of the court, the best interests of the estate are promoted thereby, the court may order the assignee to first offer the property at public auction. In such case, the court shall provide by its order the kind and form of notice to be given of the sale. The assignee at the sale shall offer and sell the property to the highest and best bidder in proved accounts against the estate, and the assignee shall not accept any bid lower than the price fixed by the court on the property.","path":["Title 6 - CONSUMER AND COMMERCIAL AFFAIRS","Article 10 - Assignments in General"],"source_url":"https://olls.info/crs/crs2026-title-06.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"144e92b2a1dcc929a1e8a1f63dc60e43d75d5d37632129271ee8bf9e15696571","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-6-10-153","next":"us-co/c.r.s.-6-12-101"},"notice":"GroundRules: Original legal text. Not legal advice."}