Colorado Code § 37-43-128

Sale
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The sale may be made to any person or to a corporation organized
under the laws of the state of Colorado, or may be made to the United States, but no sale of water
rights shall in any manner impair or be deemed to relinquish any of the sovereign rights of the
state of Colorado in the waters of the state or to control and regulate the diversion, use, and
distribution thereof.

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