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Article 13 – Unclaimed Property Act

Article 13 – Unclaimed Property Act

38-13-101. Short title.

This article shall be known and may be cited as the "Unclaimed Property Act".

Source: L. 87: Entire article added, p. 1317, § 1, effective July 1.

38-13-102. Definitions and use of terms.

As used in this article, unless the context otherwise requires:

  • (1)

    "Administrator" means the state treasurer.

  • (2)

    "Apparent owner" means the person whose name appears on the records of the holder as the

person entitled to property held, issued, or owing by the holder.

    • (2.5)

      "Attorney general" means the chief legal officer of this state.

  • (3)

    "Banking organization" means a bank, trust company, savings bank, industrial bank, safe

deposit company, or private banker or any organization defined by other law as a bank or banking organization.

(3.5) "Business association" means a nonpublic corporation, notwithstanding the provisions of section 7-114-401, C.R.S., joint stock company, investment company, business trust, partnership, or association for business purposes of two or more individuals, whether or not for profit, including a banking organization, financial organization, insurance company, or utility.

(4) "Domicile" means the state of incorporation of a corporation and the state of the principal place of business of an unincorporated person.

(5) "Financial organization" means a savings and loan association, cooperative bank, building and loan association, or credit union.

(5.3) "Gaming award points" means any marketing or promotional coupons, certificates, player award or other cards, points, or other representatives of value that:

(a) A licensed gaming establishment, in connection with its promotional activities, issues to a person for visiting the establishment, for using the services of the establishment, or for gambling at the establishment; and

(b) May be redeemed at a licensed gaming establishment for cash or any other representative of value, food, products, goods, or services.

(5.5) "Gaming chip or token" means a gaming chip, token, encoded credit certificate, or other representative of value that is issued and sold by a licensed gaming establishment for use in gaming, other than a card or similar device issued and sold by a licensed gaming establishment that is clearly identifiable on its face or encoding as being owned by a specific and designated person.

December 2005

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