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2020 Colorado Revised Statutes
Title 38 - Property - Real And Personal
Article 13. Revised Uniform Unclaimed Property Act
Section 38-13-206. When stored-value card presumed abandoned.
Universal Citation: CO Rev Stat § 38-13-206 (2020)
(1) Subject to section 3813-210, the net value of a stored-value card other than a gift card is presumed abandoned on the latest of three years after:
December 31 of the year in which the card is issued or additional funds are depositedinto it;
The most recent indication of interest in the card by the apparent owner; or(c) A verification or review of the balance by or on behalf of the apparent owner.
(2) The amount presumed abandoned in a stored-value card is the net card value at the time it is presumed abandoned.
Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 418, § 1, effective July 1, 2020.
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