Colorado Code § 13-57-103

Breach of bond - levy on security - sale
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Where bonds are taken by a sheriff
for the future delivery of property and the defendant or his security does not return the property
named in the bond conformably to the condition thereof, the officer having such execution may
proceed to execute the same in the same manner as if no levy had been made. In case the
defendant's property, or a sufficiency thereof, cannot be found, the officer may proceed to levy
on so much of the property of the security in the delivery bond as will make the amount called
for in such bond. The property which may be so taken may be sold, by giving notice thereof, as
prescribed in section 13-57-101, and no future delivery bond shall be allowed.

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