Colorado § 38-13-1204 Interest and penalty for failure to act in timely manner

Colorado Statutes

§ 38-13-1204 — Interest and penalty for failure to act in timely manner

Colorado § 38-13-1204

Title 38Property -

Art.Revised Uniform Unclaimed Property Act

This text of Colorado § 38-13-1204 (Interest and penalty for failure to act in timely manner) 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. § 38-13-1204 (2026).

Text

(1)A holder that fails to report, pay, or deliver property within the time prescribed by this article 13 shall pay to the administrator interest at the annual rate specified in section 39-21-110.5 on the property or value of the property from the date the property should have been reported, paid, or delivered to the administrator until the date reported, paid, or delivered.

(2)Except as otherwise provided in section 38-13-1205 or 38-13-1206, the administrator may require a holder that fails to report, pay, or deliver property within the time prescribed by this article 13 to pay to the administrator, in addition to interest included under subsection (1) of this section, a civil penalty of two hundred dollars for each day the duty is not performed, up to a cumulative maximum amo

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(1) A
holder that fails to report, pay, or deliver property within the time prescribed by this
article 13 shall pay to the administrator interest at the annual rate specified in
section 39-21-110.5 on the property or value of the property from the date the
property should have been reported, paid, or delivered to the administrator until the
date reported, paid, or delivered.

(2) Except as otherwise provided in section 38-13-1205 or 38-13-1206, the
administrator may require a holder that fails to report, pay, or deliver property
within the time prescribed by this article 13 to pay to the administrator, in addition
to interest included under subsection (1) of this section, a civil penalty of two
hundred dollars for each day the duty is not performed, up to a cumulative
maximum amount of five thousand dollars.