8 Colo. Code Regs. § 1508-1.2
Current through Register Vol. 47, No. 20, October 25, 2024
Section 8 CCR 1508-1.2 - Scope and PurposeA. It is the intent of the Colorado State Treasurer to enforce the unclaimed property statutes so that property presumed abandoned under those statutes is reported to and collected by the State of Colorado, and returned to its rightful owner through an efficient advertising and claims processing program. Transferring the unclaimed property and related information to the Colorado State Treasurer allows the property and information to be compiled in a single location for the convenience of the absent owner and makes it possible for the Colorado State Treasurer to better protect the interests of missing owners. The State of Colorado indemnifies the holder against claims by individuals or other states once the holder reports and delivers unclaimed property to the Colorado State Treasurer in accordance with the Revised Uniform Unclaimed Property Act. This law shall also be observed by the Colorado State Treasurer when reporting and delivering property belonging to other states.44 CR 21, November 10, 2021, effective 11/30/2021