SB 21-121

  • Colorado Senate Bill
  • 2021 Regular Session
  • Introduced in Senate Mar 11, 2021
  • Passed Senate Mar 08, 2021
  • Passed House Apr 05, 2021
  • Governor

Revised Uniform Unclaimed Property Act

Abstract

Section 1 of the bill defines and exempts a financial organization loyalty card from the property that is subject to the "Revised Uniform Unclaimed Property Act". Section 2 repeals the presumption of abandonment in the act that took effect on July 1, 2020, for demand, savings, or time deposits with a financial organization, and section 3 replaces it by reenacting the similar version that was in effect prior to July 1, 2020, which has the same 5-year period for property to be presumed abandoned but has different owner activities that rebut the presumption of abandonment. It also delays the time that a financial organization is required to deliver this property to the administrator, if a penalty or forfeiture in the payment of interest would result from the delivery of the property.Section 4 repeals the requirement that the administrator's record of persons appearing on the holders' reports be available for inspection.Section 5 repeals the prohibition on the administrator including the home or physical address of an apparent owner when providing additional identifying information concerning the apparent owner's property in published notices and on the website.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (4)

Votes


Mar 08, 2021

Apr 05, 2021

Actions


Apr 08, 2021

Office of the Governor

Sent to the Governor

Apr 07, 2021

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Apr 05, 2021

House

House Third Reading Passed - No Amendments

Apr 01, 2021

House

House Second Reading Passed - No Amendments

Mar 29, 2021

House

House Committee on Finance Refer Unamended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Finance House Committee of the Whole

Mar 11, 2021

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Mar 08, 2021

Senate

Senate Third Reading Passed - No Amendments

Mar 05, 2021

Senate

Senate Second Reading Passed - No Amendments

Mar 02, 2021

Senate

Senate Committee on Finance Refer Unamended to Senate Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Finance Senate Committee of the Whole

Feb 23, 2021

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Final Act (04/07/2021) PDF
Rerevised (04/05/2021) PDF
Revised (04/01/2021) PDF
Reengrossed (03/08/2021) PDF
Engrossed (03/05/2021) PDF
Introduced (02/23/2021) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (03/01/2021) PDF

Sources

Data on Open States is updated nightly from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.