Colo. Rev. Stat. § 38-13-502

Current through Acts effective through 7/1/2024 of the 2024 Legislative Session
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.

C.R.S. § 38-13-502

Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.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.