When stored-value card presumed abandoned.

  1. Law
  2. Colorado Revised Statutes
  3. Property - Real And Personal
  4. Revised Uniform Unclaimed Property Act
  5. When stored-value card presumed abandoned.

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(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:

  1. December 31 of the year in which the card is issued or additional funds are depositedinto it;

  2. 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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