reglab/statecodes huggingface dataset:
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-206 - When stored-value card presumed abandoned

(1)
Subject to section
38-13-210
, the net value of a stored-value card other than a gift card is presumed abandoned on the latest of three years after:
(a)
December 31 of the year in which the card is issued or additional funds are deposited into it;
(b)
The most recent indication of interest in the card by the apparent owner; or
(c)
A verification or review of the balance by or on behalf of the apparent owner.
(2)
The amount presumed abandoned in a stored-value card is the net card value at the time it is presumed abandoned.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 418, p. 418, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-207 - When gift card presumed abandoned

Subject to section
38-13-210
, a gift card is presumed abandoned if it is unclaimed by the apparent owner five years after the later of the date of purchase or its most recent use.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 418, p. 418, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-207.5 - Bank deposits and funds in financial organizations - definition

(1)
Any demand, savings, or matured time deposit with a financial organization, including a deposit that is automatically renewable, and any funds paid toward the purchase of a share, a mutual investment certificate, or any other interest in a financial organization is presumed abandoned unless the owner, within five years, has:
(a)
In the case of a deposit, increased or decreased its amount or presented the passbook or other similar evidence of the deposit for the crediting of interest;
(b)
Communicated in writing with the banking or financial organization concerning the property;
(c)
Otherwise indicated an interest in the property as evidenced by a memorandum or other record on file prepared by an employee of the financial organization;
(d)
Owned other property to which subsection (1)(a), (1)(b), or (1)(c) of this section applies and unless the financial organization communicates in writing with the owner with regard to the property that would otherwise be presumed abandoned under this subsection (1) at the address to which communications regarding the other property regularly are sent; or
(e)
Had another relationship with the financial organization concerning which the owner has:
(I)
Communicated in writing with the financial organization; or
(II)
Otherwise indicated an interest as evidenced by a memorandum or other record on file prepared by an employee of the banking or financial organization and unless the banking or financial organization communicates in writing with the owner with regard to the property that would otherwise be abandoned under this subsection (1) at the address to which communications regarding the other relationship regularly are sent.
(2)
Any property described in subsection (1) of this section that is automatically renewable is matured for purposes of subsection (1) of this section upon the expiration of its initial time period, but, in the case of any renewal to which the owner consents at or about the time of renewal by communicating in writing with the financial organization or otherwise indicating consent as evidenced by a memorandum or other record on file prepared by an employee of the organization, the property is matured upon the expiration of the last time period for which consent was given. If, at the time provided for delivery in section
38-13-603
, a penalty or forfeiture in the payment of interest would result from the delivery of the property, the time for delivery is extended until the time when no penalty or forfeiture would result.
(3)
For purposes of this section, "property" includes interest and dividends.
Added by 2021 Ch. 32,§3, eff. 4/15/2021.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-208 - When security presumed abandoned

(1)
Subject to section
38-13-210
, a security is presumed abandoned three years after:
(a)
The date a second consecutive communication sent by the holder by first-class United States mail to the apparent owner is returned to the holder undelivered by the United States postal service; or
(b)
If the second communication is made later than thirty days after the first communication is returned, the date the first communication is returned undelivered to the holder by the United States postal service.
(2)
If the holder does not send communications to the apparent owner of a security by first-class United States mail, the holder shall attempt to confirm the apparent owner's interest in the security by sending the apparent owner an electronic-mail communication not later than two years after the apparent owner's last indication of interest in the security. However, the holder promptly shall attempt to contact the apparent owner by first-class United States mail if:
(a)
The holder does not have information needed to send the apparent owner an electronic-mail communication or the holder believes that the apparent owner's electronic-mail address in the holder's records is not valid;
(b)
The holder receives notification that the electronic-mail communication was not received; or
(c)
The apparent owner does not respond to the electronic-mail communication not later than thirty days after the communication was sent.
(3)
If first-class United States mail sent under subsection (2) of this section is returned to the holder undelivered by the United States postal service, the security is presumed abandoned three years after the date the mail is returned.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 419, p. 419, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-209 - When related property interest presumed abandoned

At and after the time property is presumed abandoned under this part 2, any other property right or interest accrued or accruing from the property and not previously presumed abandoned is also presumed abandoned.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 419, p. 419, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-212 - Deposit account for insurance policy or annuity contract

If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check- or draft-writing privileges for the beneficiary of the policy or contract and, under a supplementary contract not involving annuity benefits other than death benefits, the proceeds are retained by the insurance company or the financial organization where the account is held, the policy or contract includes the assets in the account.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 422, p. 422, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-213 - Refunds held by business associations

Except to the extent otherwise ordered by a court or administrative agency, any sum that a business association has been ordered to refund by a court or administrative agency that remains unclaimed by the owner for more than one year after it became payable in accordance with the final determination or order providing for the refund, whether or not the final determination or order requires any person entitled to a refund to make a claim for it, is presumed abandoned.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 422, p. 422, § 1, effective 7/1/2020.
This section is similar to former § 38-13-107.3 as it existed prior to 2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-214 - Foreclosure sale - overbid

Any overbid, as defined in section
38-38-100.3
, that is equal to or greater than twenty-five dollars and that remains unclaimed for six months after the date of sale is presumed abandoned.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 422, p. 422, § 1, effective 7/1/2020.
This section is similar to former § 38-13-108.2 (2) as it existed prior to 2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-215 - Funds held in lawyer COLTAF trust accounts - exemption - definition

(1)
This article 13 does not apply to money held in a lawyer COLTAF trust account.
(2)
As used in this section, "lawyer COLTAF trust account" means a Colorado lawyer trust account foundation trust account in which a lawyer, in accordance with the lawyer's professional obligations, holds funds of clients or third persons that are nominal in amount or that are expected to be held for a short period.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 422, p. 422, § 1, effective 7/1/2020.
This section is similar to former § 38-13-108.3 as it existed prior to 2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-216 - Money held by the public employees' retirement association - definitions

(1)
For purposes of this section, unless the context otherwise requires:
(a)
"Account left inactive" means the contributions of any nonvested member who has terminated employment with an employer if the member's member contribution account with the association has been left inactive.
(b)
"Association" means the public employees' retirement association created pursuant to section
24-51-201
.
(c)
"Benefit" has the same meaning as set forth in section
24-51-101 (7)
.
(d)
"Benefit recipient" has the same meaning as set forth in section
24-51-101 (8)
.
(e)
"Employer" has the same meaning as set forth in section
24-51-101 (20)
.
(f)
"Member" has the same meaning as set forth in section
24-51-101 (29)
.
(g)
"Unclaimed benefit" means a benefit owed to any benefit recipient if the benefit remains unpaid.
(h)
"Unclaimed member refund" means the contributions of a member who has terminated employment with an employer and who has requested a refund of the contributions if the refund remains unpaid.
(2)
Any money and any accrued interest held by the association for accounts left inactive, unclaimed benefits, or unclaimed member refunds are presumed abandoned if the money, benefit, or refund remains unclaimed for more than five years after the money, benefit, or refund becomes payable or distributable pursuant to article
51
of title
24
unless the owner of the money, within five years, has:
(a)
Communicated in writing with the association concerning the money; or
(b)
Otherwise indicated an interest in the money as evidenced by a memorandum or other record on file prepared by an employee of the association.
(3)
Property that is presumed abandoned pursuant to this section is the only property held by the association that is subject to this article 13.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 423, p. 423, § 1, effective 7/1/2020.
This section is similar to former § 38-13-108.5 as it existed prior to 2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-217 - Gaming chips or tokens - gaming award points - inapplicability

This article 13 does not apply to gaming award points and gaming chips or tokens issued or sold by a licensed gaming establishment before, on, or after August 4, 2004, except to the extent the state has taken custody of any gaming award points or gaming chips or tokens on or before January 1, 2004.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 423, p. 423, § 1, effective 7/1/2020.
This section is similar to former § 38-13-108.7 as it existed prior to 2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-218 - Property held by racetracks - inapplicability

This article 13 does not apply to any intangible unclaimed property held by a racetrack, as defined in section
44-32-102 (24)
.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 424, p. 424, § 1, effective 7/1/2020.
This section is similar to former § 38-13-108.8 as it existed prior to 2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-219 - Unclaimed gift cards - limited exception

This article 13 does not apply to unclaimed gift cards if the holder or issuer is a business association with annual gross receipts from the sales or issuance of all gift cards totaling two hundred thousand dollars or less.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 424, p. 424, § 1, effective 7/1/2020.
This section is similar to former § 38-13-108.9 as it existed prior to 2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 2 - PRESUMPTION OF ABANDONMENT (§§ 38-13-201 — 38-13-220) › Section 38-13-220 - Tax refunds

(1)
On and after October 1, 2002, any amount due and payable as a refund of Colorado income tax or grant for property taxes, rent, or heat or fuel expenses assistance represented by a warrant that has not been presented for payment within six months after the date of issuance of the warrant and that has been forwarded by the department of revenue to the administrator pursuant to section
39-21-108 (5)
is presumed abandoned.
(2)
On and after October 1, 2010, any amount due and payable as a refund of a tax imposed or assessed by the department of revenue that is not addressed in subsection (1) of this section, that is represented by a warrant that has not been presented for payment within six months after the date of issuance of the warrant, and that has been forwarded by the department to the administrator pursuant to section
39-21-108 (7)
is presumed abandoned.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 424, p. 424, § 1, effective 7/1/2020.
This section is similar to former § 38-13-109.7 as it existed prior to 2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 3 - RULES FOR TAKING CUSTODY OF PROPERTY RESUMED ABANDONED (§§ 38-13-301 — 38-13-307) › Section 38-13-301 - Address of apparent owner to establish priority

(1)
In this part 3, the following rules apply:
(a)
The last-known address of an apparent owner is any description, code, or other indication of the location of the apparent owner that identifies the state, even if the description, code, or indication of location is not sufficient to direct the delivery of first-class United States mail to the apparent owner;
(b)
If the United States postal zip code associated with the apparent owner is for a post office located in this state, this state is deemed to be the state of the last-known address of the apparent owner unless other records associated with the apparent owner specifically identify the physical address of the apparent owner to be in another state;
(c)
If the address under subsection (1)(b) of this section is in another state, the other state is deemed to be the state of the last-known address of the apparent owner; and
(d)
The address of the apparent owner of a life or endowment insurance policy or annuity contract or its proceeds is presumed to be the address of the insured or annuitant if a person other than the insured or annuitant is entitled to the amount owed under the policy or contract and the address of the other person is not known by the insurance company and cannot be determined under section
38-13-302
.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 424, p. 424, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 3 - RULES FOR TAKING CUSTODY OF PROPERTY RESUMED ABANDONED (§§ 38-13-301 — 38-13-307) › Section 38-13-302 - Address of apparent owner in this state

(1)
The administrator may take custody of property that is presumed abandoned, whether located in this state, another state, or a foreign country if:
(a)
The last-known address of the apparent owner in the records of the holder is in this state; or
(b)
The records of the holder do not reflect the identity or last-known address of the apparent owner, but the administrator has determined that the last-known address of the apparent owner is in this state.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 425, p. 425, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 3 - RULES FOR TAKING CUSTODY OF PROPERTY RESUMED ABANDONED (§§ 38-13-301 — 38-13-307) › Section 38-13-303 - If records show multiple addresses of apparent owner

(1)
Except as otherwise provided in subsection (2) of this section, if records of a holder reflect multiple addresses for an apparent owner and if this state is the state of the most recently recorded address, this state may take custody of property presumed abandoned, whether located in this state or another state.
(2)
If it appears from records of the holder that the most recently recorded address of the apparent owner under subsection (1) of this section is a temporary address and if this state is the state of the next most recently recorded address that is not a temporary address, this state may take custody of the property presumed abandoned.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 425, p. 425, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 3 - RULES FOR TAKING CUSTODY OF PROPERTY RESUMED ABANDONED (§§ 38-13-301 — 38-13-307) › Section 38-13-304 - Holder domiciled in this state

(1)
Except as otherwise provided in subsection (2) of this section or in section
38-13-302
or
38-13-303
, the administrator may take custody of property presumed abandoned, whether located in this state, another state, or a foreign country, if the holder is domiciled in this state or is this state or a governmental subdivision, agency, or instrumentality of this state, and:
(a)
Another state or foreign country is not entitled to the property because there is no last-known address in the records of the holder of the apparent owner or other person entitled to the property; or
(b)
The state or foreign country of the last-known address of the apparent owner or other person entitled to the property does not provide for custodial taking of the property.
(2)
Property is not subject to the custody of the administrator under subsection (1) of this section if the property is specifically exempt from custodial taking under the law of this state or the state or foreign country of the last-known address of the apparent owner.
(3)
If a holder's state of domicile has changed since the time property was presumed abandoned, the holder's state of domicile in this section is deemed to be the state where the holder was domiciled at the time the property was presumed abandoned.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 425, p. 425, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 3 - RULES FOR TAKING CUSTODY OF PROPERTY RESUMED ABANDONED (§§ 38-13-301 — 38-13-307) › Section 38-13-305 - Custody if transaction took place in this state

(1)
Except as otherwise provided in sections
38-13-302
,
38-13-303
, and
38-13-304
, the administrator may take custody of property presumed abandoned whether located in this state or another state if:
(a)
The transaction out of which the property arose took place in this state;
(b)
The holder is domiciled in a state that does not provide for the custodial taking of the property; except that, if the property is specifically exempt from custodial taking under the law of the state of the holder's domicile, the property is not subject to the custody of the administrator; and
(c)
The last-known address of the apparent owner or other person entitled to the property is unknown or in a state that does not provide for the custodial taking of the property; except that, if the property is specifically exempt from custodial taking under the law of the state of the last-known address, the property is not subject to the custody of the administrator.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 426, p. 426, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 3 - RULES FOR TAKING CUSTODY OF PROPERTY RESUMED ABANDONED (§§ 38-13-301 — 38-13-307) › Section 38-13-306 - Traveler's check, money order, or similar instrument

The administrator may take custody of sums payable on a traveler's check, money order, or similar instrument presumed abandoned to the extent permissible under federal law.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 426, p. 426, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 3 - RULES FOR TAKING CUSTODY OF PROPERTY RESUMED ABANDONED (§§ 38-13-301 — 38-13-307) › Section 38-13-307 - Burden of proof to establish administrator's right to custody

(1)
If the administrator asserts a right to custody of unclaimed property, the administrator has the burden to prove:
(a)
The existence and amount of the property;
(b)
That the property is presumed abandoned; and
(c)
That the property is subject to the custody of the administrator.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 426, p. 426, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 4 - REPORT BY HOLDER (§§ 38-13-401 — 38-13-405) › Section 38-13-401 - Report required by holder

(1)
A holder of property presumed abandoned and subject to the custody of the administrator shall report in a record to the administrator concerning the property. The administrator shall not require a holder to file a paper report.
(2)
A holder may contract with a third party to make the report required under subsection (1) of this section.
(3)
Whether or not a holder contracts with a third party under subsection (2) of this section, the holder is responsible:
(a)
To the administrator for the complete, accurate, and timely reporting of property presumed abandoned; and
(b)
For paying or delivering to the administrator property described in the report.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 426, p. 426, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 4 - REPORT BY HOLDER (§§ 38-13-401 — 38-13-405) › Section 38-13-402 - Content of report

(1)
The report required under section
38-13-401
must:
(a)
Be signed by or on behalf of the holder and verified as to its completeness and accuracy;
(b)
If filed electronically, be in a secure format approved by the administrator that protects confidential information of the apparent owner in the same manner as required of the administrator and the administrator's agent under part 14 of this article 13;
(c)
Describe the property;
(d)
Except for a traveler's check, money order, or similar instrument, contain the name, if known; last-known address, if known; and social security number or taxpayer identification number, if known or readily ascertainable, of the apparent owner of property with a value of twenty-five dollars or more;
(e)
For an amount held or owing under a life or endowment insurance policy or annuity contract, contain the full name and last-known address of the insured, annuitant, or other apparent owner of the policy or contract and of the beneficiary;
(f)
For property held in or removed from a safe-deposit box, indicate the location of the property and where it may be inspected by the administrator;
(g)
Contain the commencement date for determining abandonment under part 2 of this article 13;
(h)
State that the holder has complied with the notice requirements of section
38-13-501
;
(i)
Identify property that is a nonfreely transferable security, and explain why it is a nonfreely transferable security; and
(j)
Contain other information the administrator prescribes by rules necessary for the administrator.
(2)
A report under section
38-13-401
may include in the aggregate items valued under twenty-five dollars each. If the report includes items in the aggregate valued under twenty-five dollars each, the administrator shall not require the holder to provide the name and address of an apparent owner of an item unless the information is necessary to verify or process a claim in progress by the apparent owner.
(3)
A report under section
38-13-401
may include personal information as defined in section
38-13-1401
about the apparent owner or the apparent owner's property to the extent not otherwise prohibited by federal law.
(4)
If a holder has changed its name while holding property presumed abandoned or is a successor to another person that previously held the property for the apparent owner, the holder shall include in the report under section
38-13-401
its former name or the name of the previous holder, if any, and the known name and address of each previous holder of the property.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 427, p. 427, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 4 - REPORT BY HOLDER (§§ 38-13-401 — 38-13-405) › Section 38-13-403 - When report to be filed

(1)
Except as otherwise provided in subsection (2) of this section and subject to subsection (3) of this section, the report under section
38-13-401
must be filed before November 1 of each year and cover the twelve months preceding July 1 of that year.
(2)
Subject to subsection (3) of this section, the report to be filed by an insurance company under section
38-13-401
must be filed before May 1 of each year for the immediately preceding calendar year.
(3)
Before the date for filing the report under section
38-13-401
, the holder of property presumed abandoned may request the administrator to extend the time for filing. The administrator may grant an extension. If the extension is granted, the holder may pay or make a partial payment of the amount the holder estimates ultimately will be due. The payment or partial payment terminates accrual of interest on the amount paid.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 428, p. 428, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 4 - REPORT BY HOLDER (§§ 38-13-401 — 38-13-405) › Section 38-13-404 - Retention of records by holder

(1)
A holder required to file a report under section
38-13-401
shall retain records for ten years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the administrator. A holder may satisfy the requirement to retain records under this section through an agent. The records must contain:
(a)
The information required to be included in the report;
(b)
The date, place, and nature of the circumstances that gave rise to the property right;
(c)
The amount or value of the property;
(d)
The last address of the apparent owner, if known to the holder; and
(e)
If the holder sells, issues, or provides to others for sale or issue in this state traveler's checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 428, p. 428, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 4 - REPORT BY HOLDER (§§ 38-13-401 — 38-13-405) › Section 38-13-405 - When property reportable and payable or deliverable

Property is reportable and payable or deliverable under this article 13 even if the owner fails to make demand or present an instrument or document otherwise required to obtain payment.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 429, p. 429, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 5 - NOTICE TO APPARENT OWNER OF PROPERTY PRESUMED ABANDONED (§§ 38-13-501 — 38-13-504) › Section 38-13-501 - Notice to apparent owner by holder

(1)
Subject to subsection (2) of this section, the holder of property presumed abandoned shall send to the apparent owner notice that complies with section
38-13-502
in a format acceptable to the administrator, by first-class United States mail, not more than one hundred eighty days nor less than sixty days before filing the report under section
38-13-401
if:
(a)
The holder has in its records an address for the apparent owner that the holder's records do not disclose to be invalid and that is sufficient to direct the delivery of first-class United States mail to the apparent owner; and
(b)
The value of the property is twenty-five dollars or more.
(2)
If an apparent owner has consented to receive electronic-mail delivery from the holder, the holder may send the notice described in subsection (1) of this section by electronic mail and not by first-class United States mail; except that, if the holder has evidence that the electronic mail could not be delivered, then the holder shall send the notice in accordance with subsection (1) of this section.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 429, p. 429, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 5 - NOTICE TO APPARENT OWNER OF PROPERTY PRESUMED ABANDONED (§§ 38-13-501 — 38-13-504) › Section 38-13-502 - Contents of notice by holder

(1)
The notice under section
38-13-501
must contain a heading that reads substantially as follows: "Notice. The State of Colorado requires us to notify you that your property may be transferred to the custody of the state treasurer if you do not contact us before [insert date that is thirty days after the date of this notice].".
(2)
The notice under section
38-13-501
must:
(a)
Identify the nature and, except for property that does not have a fixed value, the value of the property that is the subject of the notice;
(b)
State that the property will be turned over to the administrator;
(c)
State that after the property is turned over to the administrator an apparent owner that seeks return of the property must file a claim with the administrator;
(d)
State that property that is not legal tender of the United States may be sold by the administrator; and
(e)
Provide instructions that the apparent owner must follow to prevent the holder from reporting and paying or delivering the property to the administrator.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 429, p. 429, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 5 - NOTICE TO APPARENT OWNER OF PROPERTY PRESUMED ABANDONED (§§ 38-13-501 — 38-13-504) › Section 38-13-503 - Notice by administrator

(1)
The administrator shall give notice to an apparent owner that property that is presumed abandoned and appears to be owned by the apparent owner is held by the administrator under this article 13.
(2)
In providing notice under subsection (1) of this section, the administrator shall send the notice to the apparent owner's electronic-mail address if the administrator has an electronic-mail address that the administrator does not know to be invalid.
(3)
In addition to the notice under subsection (2) of this section, the administrator shall maintain a website or database accessible by the public and electronically searchable that contains the names reported to the administrator of all apparent owners for whom property is being held by the administrator.
(4)
The website or database maintained under subsection (3) of this section must include instructions for filing with the administrator a claim to property and a printable claim form with instructions for its use.
(5)
In addition to giving notice under subsection (2) of this section and maintaining the website or database under subsection (3) of this section, the administrator may use first-class mail, electronic mail, other printed publication, telecommunication, the internet, other media, or public events to inform the public of the existence of unclaimed property held by the administrator.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 430, p. 430, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 5 - NOTICE TO APPARENT OWNER OF PROPERTY PRESUMED ABANDONED (§§ 38-13-501 — 38-13-504) › Section 38-13-504 - Cooperation among state officers and agencies to locate apparent owner

Unless prohibited by law of this state other than this article 13, on request of the administrator, each officer, agency, board, commission, division, and department of this state, any body politic and corporate created by this state for a public purpose, and each political subdivision of this state shall make its books and records available to the administrator and cooperate with the administrator to determine the current address of an apparent owner of property held by the administrator under this article 13.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 430, p. 430, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 6 - TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR (§§ 38-13-601 — 38-13-609) › Section 38-13-601 - Definition of good faith

(1)
In this part 6, payment or delivery of property is made in good faith if a holder:
(a)
Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the administrator under this article 13; or
(b)
Made payment or delivery:
(I)
In response to a demand by the administrator or administrator's agent; or
(II)
Under a guidance or ruling issued by the administrator that the holder reasonably believed required or permitted the property to be paid or delivered.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 431, p. 431, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 6 - TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR (§§ 38-13-601 — 38-13-609) › Section 38-13-602 - Dormancy charge

(1)
A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if:
(a)
A valid contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner's failure to claim the property within a specified time; and
(b)
The holder regularly imposes the charge and regularly does not reverse or otherwise cancel the charge.
(2)
The amount of the deduction under subsection (1) of this section is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner's property and any services received by the apparent owner.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 431, p. 431, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 6 - TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR (§§ 38-13-601 — 38-13-609) › Section 38-13-603 - Payment or delivery of property to administrator

(1)
Except as otherwise provided in this section, on filing a report under section
38-13-401
, the holder shall pay or deliver to the administrator the property described in the report.
(2)
If property in a report under section
38-13-401
is an automatically renewable deposit and a penalty or forfeiture in the payment of interest would result from paying the deposit to the administrator at the time of the report, the date for payment of the property to the administrator is extended until a penalty or forfeiture no longer would result from payment, if the holder informs the administrator of the extended date.
(3)
Tangible property in a safe-deposit box shall not be delivered to the administrator until one hundred twenty days after filing the report under section
38-13-401
.
(4)
If property reported to the administrator under section
38-13-401
is a security, the administrator may:
(a)
Make an endorsement, instruction, or entitlement order on behalf of the apparent owner to invoke the duty of the issuer, its transfer agent, or the securities intermediary to transfer the security; or
(b)
Dispose of the security under section
38-13-702
.
(5)
If the holder of property reported to the administrator under section
38-13-401
is the issuer of a certificated security, the administrator may obtain a replacement certificate in physical or book-entry form under section
4-8-405
. An indemnity bond is not required.
(6)
The administrator shall establish procedures for the registration, issuance, method of delivery, transfer, and maintenance of securities delivered to the administrator by a holder.
(7)
An issuer, holder, and transfer agent or other person acting under this section under instructions of and on behalf of the issuer or holder is not liable to the apparent owner for, and shall be indemnified by the state against, a claim arising with respect to property after the property has been delivered to the administrator.
(8)
A holder is not required to deliver to the administrator a security identified by the holder as a nonfreely transferable security. If the administrator or holder determines that a security is no longer a nonfreely transferable security, the holder shall deliver the security on the next regular date prescribed for delivery of securities under this article 13. The holder shall make a determination annually whether a security identified in a report filed under section
38-13-401
as a nonfreely transferable security is no longer a nonfreely transferable security.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 431, p. 431, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 6 - TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR (§§ 38-13-601 — 38-13-609) › Section 38-13-604 - Effect of payment or delivery of property to administrator

On payment or delivery of property to the administrator under this article 13, the administrator as agent for the state assumes custody and responsibility for the safekeeping of the property. A holder that pays or delivers property to the administrator in good faith and that substantially complies with sections
38-13-501
and
38-13-502
is relieved of liability arising thereafter with respect to payment or delivery of the property to the administrator.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 432, p. 432, § 1, effective 7/1/2020.
2023 Colorado Revised Statutes › Title 38 - PROPERTY - REAL AND PERSONAL (§§ 38-1-101 — 38-53-110) › UNCLAIMED PROPERTY (§§ 38-13-101 — 38-13-1504) › Article 13 - REVISED UNIFORM UNCLAIMED PROPERTY ACT (§§ 38-13-101 — 38-13-1504) › Part 6 - TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR (§§ 38-13-601 — 38-13-609) › Section 38-13-606 - Crediting income or gain to owner's account

If property other than money is delivered to the administrator, the owner is entitled to receive from the administrator income or gain realized or accrued on the property before the property is sold.
Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.
L. 2019: Entire article R&RE, (SB 19 -088), ch. 434, p. 434, § 1, effective 7/1/2020.