Abandoned Property Dormancy Periods in Colorado

Business Finance

Property Type	Presumed Abandoned After
Bank account	five years
Checks or drafts	five years after they are payable or after their issuance if payable on demand The presumption of abandonment does not apply if the owner, within the preceding five years, has communicated in writing with the banking or financial organization concerning the instrument or has otherwise indicated an interest in the instrument (as evidenced by a memorandum or other record, on file, prepared by an employee of the organization).
Demutualization proceeds	no specific provision
Gift certificates, gift cards, and credit memos	Gift certificates and credit memos: five years.
Insurance policies	Life and annuity policies: five years. The presumed maturity of an insurance policy is two years.
IRAs or retirement funds	Public employee retirement funds: five years.
Money orders	seven years
Other intangible personal property not otherwise specified	five years
Proceeds from class action suits	no specific provision
Property distributable by a business association in the course of dissolution	one year after the date set for final distribution Money that a business association has been ordered by the court or administrative agency to refund is presumed abandoned if it remains unclaimed by the owner for more than one year after it became payable in accordance with the final determination or order providing for the refund (regardless of whether the final determination or order requires the owner to make a claim for it).
Property held by courts or public agencies	Tax or grant warrants issued by the state: six months. Other property: one year.
Property held by fiduciaries	three years
Safe deposit boxes	five years
Shares in a financial institution	five years
Stocks, dividends, and distributions	five years
Traveler's checks	15 years
Deposits and advances owed utility company customer	one year
Wages or salaries	one year