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Article 13 – Unclaimed Property Act

  • (a)

    Communicated in writing with the association concerning such moneys; or

  • (b)

    Otherwise indicated an interest in such moneys as evidenced by a memorandum or other

record on file prepared by an employee of the association.

(3) Property which is presumed to be abandoned pursuant to the provisions of this section shall be the only property held by the association which is subject to the provisions of this article.

Source: L. 92: Entire section added, p. 2109, § 4, effective March 4.

38-13-108.6. Wages.

Unpaid wages, including wages represented by unpresented payroll checks, owing in the ordinary course of the holder's business which remain unclaimed by the owner for more than one year after becoming payable are presumed abandoned.

Source: L. 92: Entire section added, p. 2118, § 4, effective July 1.

ANNOTATION

Law reviews. For article, "State Laws: A Growing Minefield for Employers", see 23 Colo. Law. 1089 (1994).

38-13-108.7. Gaming chips or tokens - gaming award points - inapplicability.

This article shall 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.

Source: L. 2004: Entire section added, p. 1877, § 2, effective August 4.

38-13-108.8. Property held by racetracks - inapplicability.

This article shall not apply to any intangible unclaimed property held by a racetrack, as that term is defined in section 12-60-102 (26), C.R.S.

Source: L. 92: Entire section added, p. 2118, § 4, effective July 1. L. 93: Entire section amended, p. 1239, § 12, effective July 1.

38-13-109. Contents of safe deposit box or other safekeeping repository.

All tangible and intangible property held in a safe deposit box or any other safekeeping repository in this state in the ordinary course of the holder's business and proceeds resulting from the sale of the property permitted by any other law, which remain unclaimed by the owner for more than five years after the lease or rental period on the box or other repository has expired, are presumed abandoned.

Source: L. 87: Entire article added, p. 1322, § 1, effective July 1.

38-13-109.5. Funds owing under life insurance policies.

December 2005

Page 11

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