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Article 13 – Unclaimed Property Act

(a) The name of each beneficiary, or if a class of beneficiaries is named, the name of each current beneficiary in the class;

  • (b)

    The address of each beneficiary; and

  • (c)

    The relationship of each beneficiary to the insured.

Source: L. 90: Entire section added, p. 1633, § 4, effective April 27.

38-13-109.7. 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 from 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)

    , C.R.S., is presumed abandoned.

  • (2)

    On and after August 4, 2004, any amount due and payable as a refund of state taxes refunded

pursuant to section 39-22-124, C.R.S., represented by a warrant that has not been presented for payment within six months from 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 (6), C.R.S., is presumed abandoned.

Source: L. 2001: Entire section added, p. 618, § 3, effective August 8. L. 2004: Entire section amended, p. 314, § 2, effective August 4.

38-13-110. Report and payment or delivery of abandoned property.

(1) (a) A person holding property, tangible or intangible, presumed abandoned and subject to custody as unclaimed property under this article shall report to the administrator concerning the property as provided in this section.

(b) If a person is not subject to the requirements of this subsection (1) because the person does not hold any property, tangible or intangible, presumed abandoned under this article or the person meets the criteria established in paragraph (e) of subsection (4) of this section, the person shall not be required to notify the administrator of the person's exemption from this subsection (1).

  • (2)

    The report must include:

    • (a)

      Except with respect to money orders, the name, if known, and last-known address, if any, of

each person appearing from the records of the holder to be the owner of property presumed abandoned under this article;

(a.5) In the case of unclaimed funds of twenty-five dollars or more held or owing under any life or endowment insurance policy or annuity contract, the name, if known, and the last-known address, if any, of the insured or annuitant and of the beneficiary according to the records of the insurance company holding or owing the funds;

(b) In the case of the contents of a safe deposit box or other safekeeping repository or of other tangible property, a description of the property and the place where it is held and may be inspected by

December 2005

Page 13

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