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

Colorado Statutes

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

Colorado § 38-13-904

Title 38Property -

Art.Revised Uniform Unclaimed Property Act

This text of Colorado § 38-13-904 (When administrator must honor claim for property) 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. § 38-13-904 (2026).

Text

(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

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

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.