Colorado § 38-13-1503 Transitional provision

Colorado Statutes

§ 38-13-1503 — Transitional provision

Colorado·Title 38 Property -·Art. Revised Uniform Unclaimed Property Act

(1)An initial report filed under this article 13 for property that was not required to be reported before July 1, 2020, but that is required to be reported under this article 13, must include all items of property that would have been presumed abandoned during the five-year period preceding July 1, 2020, as if this article 13 had been in effect during that period.

(2)This article 13 does not relieve a holder of a duty that arose before July 1, 2020, to report, pay, or deliver property. Subject to section 38-13-609, a holder that did not comply with the law governing unclaimed property before July 1, 2020, is subject to applicable provisions for enforcement and penalties in effect before July 1, 2020.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) An initial report filed under this
article 13 for property that was not required to be reported before July 1, 2020, but
that is required to be reported under this article 13, must include all items of
property that would have been presumed abandoned during the five-year period
preceding July 1, 2020, as if this article 13 had been in effect during that period.

(2) This article 13 does not relieve a holder of a duty that arose before July 1,
2020, to report, pay, or deliver property. Subject to section 38-13-609, a holder that
did not comply with the law governing unclaimed property before July 1, 2020, is
subject to applicable provisions for enforcement and penalties in effect before July
1, 2020.

Colorado § 38-13-1503 (Transitional provision) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.