Colorado § 7-106-402 Unclaimed distributions

Colorado Statutes

§ 7-106-402 — Unclaimed distributions

Colorado·Title 07 Corporations·Art. Shares and Distributions

If a corporation has mailed three
successive distributions to a shareholder addressed to the shareholder's address
shown on the corporation's current record of shareholders and the distributions
have been returned as undeliverable, no further attempt to deliver distributions to
the shareholder need be made until another address for the shareholder is made
known to the corporation, at which time all distributions accumulated by reason of
this section shall, except as otherwise provided by law, be mailed to the
shareholder at such other address.

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If a corporation has mailed three
successive distributions to a shareholder addressed to the shareholder's address
shown on the corporation's current record of shareholders and the distributions
have been returned as undeliverable, no further attempt to deliver distributions to
the shareholder need be made until another address for the shareholder is made
known to the corporation, at which time all distributions accumulated by reason of
this section shall, except as otherwise provided by law, be mailed to the
shareholder at such other address.

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