Colorado § 38-13-905 Allowance of claim for property

Colorado Statutes

§ 38-13-905 — Allowance of claim for property

Colorado § 38-13-905

Title 38Property -

Art.Revised Uniform Unclaimed Property Act

This text of Colorado § 38-13-905 (Allowance of 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. § 38-13-905 (2026).

Text

(1)Not later than thirty days after a claim is allowed under section 38-13-904 (2) or, in the case of a security, not later than forty-five days after the claim is allowed under section 39-13-904 (2), the administrator shall pay or deliver to the owner the property or pay to the owner the net proceeds of a sale of the property, together with income or gain to which the owner is entitled under section 38-13-606.

(2)Before delivery or payment to an owner under subsection (1) of this section of property or payment to the owner of net proceeds of a sale of the property, the administrator first shall apply the property or net proceeds in accordance with sections 38-13-902.2 to 38-13-902.4. The administrator shall pay the amount to the appropriate state agency and notify the owner of

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(1) Not later than thirty days
after a claim is allowed under section 38-13-904 (2) or, in the case of a security, not
later than forty-five days after the claim is allowed under section 39-13-904 (2), the
administrator shall pay or deliver to the owner the property or pay to the owner the
net proceeds of a sale of the property, together with income or gain to which the
owner is entitled under section 38-13-606.

(2) Before delivery or payment to an owner under subsection (1) of this
section of property or payment to the owner of net proceeds of a sale of the
property, the administrator first shall apply the property or net proceeds in
accordance with sections 38-13-902.2 to 38-13-902.4. The administrator shall pay
the amount to the appropriate state agency and notify the owner of the payment.

(3) The administrator may make periodic inquiries of state agencies in the
absence of a claim filed under section 38-13-903 to determine whether an apparent
owner included in the unclaimed property records of this state has an enforceable
debt described in sections 38-13-902.2 to 38-13-902.4. The administrator first shall
apply the property or net proceeds of a sale of property held by the administrator to
a debt under sections 38-13-902.2 to 38-13-902.4 of an apparent owner that
appears in the records of the administrator and deliver the amount to the
appropriate state agency. The administrator shall notify the apparent owner of the
payment.