Colorado § 38-13-204 When custodial account for minor presumed abandoned

Colorado Statutes

§ 38-13-204 — When custodial account for minor presumed abandoned

Colorado § 38-13-204

Title 38Property -

Art.Revised Uniform Unclaimed Property Act

This text of Colorado § 38-13-204 (When custodial account for minor presumed abandoned) 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. § 38-13-204 (2026).

Text

(1)Subject to section 38-13-210, property held in an account established under a state's Uniform Gifts to Minors Act or Uniform Transfers to Minors Act is presumed abandoned if it is unclaimed by or on behalf of the minor on whose behalf the account was opened three years after the later of:

(a)Except as otherwise provided in subsection (1)(b) of this section, the date a second consecutive communication sent by the holder by first-class United States mail to the custodian of the minor on whose behalf the account was opened is returned undelivered to the holder by the United States postal service;

(b)If the second communication is sent later than thirty days after the date the first communication is returned undelivered, the date the first communication was returned undeliver

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(1)
Subject to section 38-13-210, property held in an account established under a
state's Uniform Gifts to Minors Act or Uniform Transfers to Minors Act is presumed
abandoned if it is unclaimed by or on behalf of the minor on whose behalf the
account was opened three years after the later of:

(a) Except as otherwise provided in subsection (1)(b) of this section, the date
a second consecutive communication sent by the holder by first-class United
States mail to the custodian of the minor on whose behalf the account was opened
is returned undelivered to the holder by the United States postal service;

(b) If the second communication is sent later than thirty days after the date
the first communication is returned undelivered, the date the first communication
was returned undelivered; or

(c) The date, if reasonably determinable by the holder, on which the
custodian is required to transfer the property to the minor or the minor's estate in
accordance with the Uniform Gifts to Minors Act or Uniform Transfers to Minors Act
of the state in which the account was opened.

(2) If the holder does not send communications to the custodian of the minor
on whose behalf an account described in subsection (1) of this section was opened
by first-class United States mail, the holder shall attempt to confirm the
custodian's interest in the property by sending the custodian an electronic-mail
communication not later than two years after the custodian's last indication of
interest in the property; except that the holder promptly shall attempt to contact
the custodian by first-class United States mail if:

(a) The holder does not have information needed to send the custodian an
electronic-mail communication or the holder believes that the custodian's
electronic-mail address in the holder's records is not valid;

(b) The holder receives notification that the electronic-mail communication
was not received; or

(c) The custodian does not respond to the electronic-mail communication not
later than thirty days after the communication was sent.

(3) If first-class United States mail sent under subsection (2) of this section
is returned undelivered to the holder by the United States postal service, the
property is presumed abandoned three years after the later of:

(a) The date a second consecutive communication to contact the custodian
by first-class United States mail is returned to the holder undelivered by the United
States postal service; or

(b) The date established by subsection (1)(c) of this section.

(4) When the property in the account described in subsection (1) of this
section is transferred to the minor on whose behalf an account was opened or to
the minor's estate, the property in the account is no longer subject to this section.