Colorado § 38-13-206 When stored-value card presumed abandoned

Colorado Statutes

§ 38-13-206 — When stored-value card presumed abandoned

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

(1)Subject to section 38-13-210, the net value of a stored-value card other than a gift card is presumed abandoned on the latest of three years after:

(a)December 31 of the year in which the card is issued or additional funds are deposited into it;

(b)The most recent indication of interest in the card by the apparent owner; or

(c)A verification or review of the balance by or on behalf of the apparent owner.

(2)The amount presumed abandoned in a stored-value card is the net card value at the time it is presumed abandoned.

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(1) Subject to
section 38-13-210, the net value of a stored-value card other than a gift card is
presumed abandoned on the latest of three years after:

(a) December 31 of the year in which the card is issued or additional funds
are deposited into it;

(b) The most recent indication of interest in the card by the apparent owner;
or

(c) A verification or review of the balance by or on behalf of the apparent
owner.

(2) The amount presumed abandoned in a stored-value card is the net card
value at the time it is presumed abandoned.

Colorado § 38-13-206 (When stored-value card presumed abandoned) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.