Term and termination

C.R.S. § 11-111-113
in effect
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11-111-113. Term and termination. (1) Unless otherwise provided in the account agreement, a special deposit terminates five years after the date the special deposit was first funded. (2) Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries. (3) A bank that pays the remaining balance as provided under subsection (2) of this section has no further obligation with respect to the special deposit.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-11.docx#11-111-113Fetched: 10/6/2026
C.R.S. § 11-111-113 — Term and termination | Colorado Revised Statutes (2024 edition) | Corpus