Colorado Code § 36-5-108

Certificate of purchase - cancellation
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The state board of land
commissioners may cancel any certificate of purchase issued under this article because of a false
or fraudulent application; a voluntary alienation, transfer, mortgage, or placing of a lien upon
said land or the certificate of purchase; or for failure to settle upon or improve said land within a
period of two years from the date of sale; or for failure to make payments of principal or interest
as the same become due. Action shall be taken only after reasonable notice to the person named
in said certificate, which action is subject to review by the district court of the county where such
lands are situate, said proceeding for review to begin within sixty days from the date of the order
of revocation.

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