Colorado § 38-13-208 When security presumed abandoned

Colorado Statutes

§ 38-13-208 — When security presumed abandoned

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

(1)Subject to section 38-13-210, a security is presumed abandoned three years after:

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

(b)If the second communication is made later than thirty days after the first communication is returned, the date the first communication is returned undelivered to the holder by the United States postal service.

(2)If the holder does not send communications to the apparent owner of a security by first-class United States mail, the holder shall attempt to confirm the apparent owner's interest in the security by sending the apparent owner an electronic-mail communication not later than two years af

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(1) Subject to section 38-13-210, a security is presumed abandoned three years after:

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

(b) If the second communication is made later than thirty days after the first
communication is returned, the date the first communication is returned
undelivered to the holder by the United States postal service.

(2) If the holder does not send communications to the apparent owner of a
security by first-class United States mail, the holder shall attempt to confirm the
apparent owner's interest in the security by sending the apparent owner an
electronic-mail communication not later than two years after the apparent owner's
last indication of interest in the security. However, the holder promptly shall
attempt to contact the apparent owner by first-class United States mail if:

(a) The holder does not have information needed to send the apparent owner
an electronic-mail communication or the holder believes that the apparent owner'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 apparent owner 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 to the holder undelivered by the United States postal service, the
security is presumed abandoned three years after the date the mail is returned.

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