Colorado § 38-13-904 When administrator must honor claim for property

Colorado Statutes

§ 38-13-904 — When administrator must honor claim for property

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

(1)The administrator shall pay or deliver property to a claimant under section 38-13-903 if the administrator receives evidence sufficient to establish to the satisfaction of the administrator that the claimant is the owner of the property. The general assembly recognizes and reaffirms that the administrator may require a claimant to provide any documents that are necessary to establish ownership before making payment, including but not limited to nonpublic or nonredacted documents.

(2)Not later than ninety days after a claim is filed under section 38-13-903, the administrator shall allow or deny the claim and give the claimant notice of the decision in a record. If the claim is denied:

(a)The administrator shall inform the claimant of the reason for the denial and specify wh

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(1) The
administrator shall pay or deliver property to a claimant under section 38-13-903 if
the administrator receives evidence sufficient to establish to the satisfaction of the
administrator that the claimant is the owner of the property. The general assembly
recognizes and reaffirms that the administrator may require a claimant to provide
any documents that are necessary to establish ownership before making payment,
including but not limited to nonpublic or nonredacted documents.

(2) Not later than ninety days after a claim is filed under section 38-13-903,
the administrator shall allow or deny the claim and give the claimant notice of the
decision in a record. If the claim is denied:

(a) The administrator shall inform the claimant of the reason for the denial
and specify what additional evidence, if any, is required for the claim to be allowed;

(b) The claimant may file an amended claim with the administrator or
commence an action under section 38-13-906; and

(c) The administrator shall consider an amended claim filed under subsection
(2)(b) of this section as an initial claim.

(3) If the administrator does not take action on a claim during the ninety-day
period following the filing of a claim under section 38-13-903 (1), the claim is
deemed denied.

Colorado § 38-13-904 (When administrator must honor claim for property) — 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. 443, � 1, effective July 1, 2020. L. 2025: (1) amended, (HB 25-1224), ch. 440, p. 2537, � 13, effective June 4.