Colorado § 38-13-601 Definition of good faith

Colorado Statutes

§ 38-13-601 — Definition of good faith

Colorado § 38-13-601

Title 38Property -

Art.Revised Uniform Unclaimed Property Act

This text of Colorado § 38-13-601 (Definition of good faith) 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. § 38-13-601 (2026).

Text

(1)In this part 6, payment or delivery of property is made in good faith if a holder:

(a)Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the administrator under this article 13; or

(b)Made payment or delivery:

(I)In response to a demand by the administrator or administrator's agent; or

(II)Under a guidance or ruling issued by the administrator that the holder reasonably believed required or permitted the property to be paid or delivered.

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(1) In this part 6, payment or delivery of
property is made in good faith if a holder:

(a) Had a reasonable basis for believing, based on the facts then known, that
the property was required or permitted to be paid or delivered to the administrator
under this article 13; or

(b) Made payment or delivery:

(I) In response to a demand by the administrator or administrator's agent; or

(II) Under a guidance or ruling issued by the administrator that the holder
reasonably believed required or permitted the property to be paid or delivered.