Colorado Code § 38-42-102

Option void, when
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Any such right or option contained in any oil and gas or
mining lease which is executed subsequent to March 2, 1955, and the title or heading of which
does not clearly state that such a right or option is contained therein shall be voidable at the
option of the lessor, and upon adjudication by a court of competent jurisdiction that such right or
option is voided by virtue of this article, no money paid to the lessor for such lease shall be
returned to the lessee therein, but the failure of such lease to satisfy the requirements of this
article shall not affect the validity of such lease except as to such right or option to purchase.

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