§ 38-13-305 — Custody if transaction took place in this state

Colorado § 38-13-305

• Jurisdiction: Colorado
• Title 38: Property -
• Art.: Revised Uniform Unclaimed Property Act

Text

(1) Except as
otherwise provided in sections 38-13-302, 38-13-303, and 38-13-304, the
administrator may take custody of property presumed abandoned whether located
in this state or another state if:

(a) The transaction out of which the property arose took place in this state;

(b) The holder is domiciled in a state that does not provide for the custodial
taking of the property; except that, if the property is specifically exempt from
custodial taking under the law of the state of the holder's domicile, the property is
not subject to the custody of the administrator; and

(c) The last-known address of the apparent owner or other person entitled to
the property is unknown or in a state that does not provide for the custodial taking
of the property; except that, if the property is specifically exempt from custodial
taking under the law of the state of the last-known address, the property is not
subject to the custody of the administrator.

Legislative History

Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 426, � 1, effective July 1, 2020.