Colorado § 38-13-609 Periods of limitation and repose

Colorado Statutes

§ 38-13-609 — Periods of limitation and repose

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

(1)Expiration, before, on, or after July 1, 2020, of a period of limitation on an owner's right to receive or recover property, whether specified by contract, statute, or court order does not prevent the property from being presumed abandoned or affect the duty of a holder to file a report or pay or deliver property to the administrator under this article 13.

(2)The administrator shall not commence an action or proceeding to enforce this article 13 with respect to the reporting, payment, or delivery of property more than five years after the holder filed a nonfraudulent report with the administrator under section 38-13-401. The parties may agree in a record to extend the limitation in this subsection (2).

(3)The administrator shall not commence an action, proceeding, or exami

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(1) Expiration, before, on, or
after July 1, 2020, of a period of limitation on an owner's right to receive or recover
property, whether specified by contract, statute, or court order does not prevent
the property from being presumed abandoned or affect the duty of a holder to file a
report or pay or deliver property to the administrator under this article 13.

(2) The administrator shall not commence an action or proceeding to enforce
this article 13 with respect to the reporting, payment, or delivery of property more
than five years after the holder filed a nonfraudulent report with the administrator
under section 38-13-401. The parties may agree in a record to extend the limitation
in this subsection (2).

(3) The administrator shall not commence an action, proceeding, or
examination with respect to a duty of a holder under this article 13 more than six
years after the duty arose.

Colorado § 38-13-609 (Periods of limitation and repose) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 435, � 1, effective July 1, 2020. L. 2025: (3) amended, (HB 25-1224), ch. 440, p. 2536, � 10, effective June 4.