If a person subject to examination under section 38-13-1002 does not retain the records required by section 38-13-404, the administrator may determine the value of property due using a reasonable method of estimation based on all information available to the administrator, including extrapolation and use of statistical sampling when appropriate and necessary, consistent with examination procedures and standards adopted under section 38-13-1003 (1) and in accordance with section 38-13-1003 (2).
Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 447, § 1, effective July 1, 2020.
Structure Colorado Code
Title 38 - Property - Real and Personal
Article 13 - Revised Uniform Unclaimed Property Act
Part 10 - Verified Report of Property - Examination of Records
§ 38-13-1001. Verified Report of Property
§ 38-13-1002. Examination of Records to Determine Compliance
§ 38-13-1003. Rules for Conducting Examination
§ 38-13-1004. Records Obtained in Examination
§ 38-13-1005. Evidence of Unpaid Debt or Undischarged Obligation
§ 38-13-1006. Failure of Person Examined to Retain Records
§ 38-13-1007. Report to Person Whose Records Were Examined
§ 38-13-1008. Complaint to Administrator About Conduct of Person Conducting Examination
§ 38-13-1009. Administrator's Contract With Another to Conduct Examination - Definition
§ 38-13-1010. Limit on Future Employment
§ 38-13-1011. Determination of Liability for Unreported Reportable Property