Colorado § 38-13-1003 Rules for conducting examination

Colorado Statutes

§ 38-13-1003 — Rules for conducting examination

Colorado § 38-13-1003

Title 38Property -

Art.Revised Uniform Unclaimed Property Act

This text of Colorado § 38-13-1003 (Rules for conducting examination) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 38-13-1003 (2026).

Text

(1)The administrator shall adopt rules governing procedures and standards for an examination under section 38-13-1002, including rules for use of an estimation, extrapolation, and statistical sampling in conducting an examination.

(2)An examination under section 38-13-1002 must be performed under rules adopted under subsection (1) of this section and with generally accepted examination practices and standards applicable to an unclaimed-property examination.

(3)If a person subject to examination under section 38-13-1002 has filed the reports required by sections 38-13-401 and 38-13-1001 and has retained the records required by section 38-13-404, the following rules apply:

(a)The examination must include a review of the person's records;

(b)The examination must not be based

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(1) The administrator shall
adopt rules governing procedures and standards for an examination under section
38-13-1002, including rules for use of an estimation, extrapolation, and statistical
sampling in conducting an examination.

(2) An examination under section 38-13-1002 must be performed under rules
adopted under subsection (1) of this section and with generally accepted
examination practices and standards applicable to an unclaimed-property
examination.

(3) If a person subject to examination under section 38-13-1002 has filed the
reports required by sections 38-13-401 and 38-13-1001 and has retained the records
required by section 38-13-404, the following rules apply:

(a) The examination must include a review of the person's records;

(b) The examination must not be based on an estimate unless the person
expressly consents in a record to the use of an estimate; and

(c) The person conducting the examination shall consider the evidence
presented in good faith by the person in preparing the findings of the examination
under section 38-13-1007.