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About dormant accounts in Colorado. If interest or dividends are deposited into an account automatically, that is not enough for it to be considered active, unless the owner has contact with the holder. To keep an account active, you must either contact the financial institution, insurance company or other business by phone or mail, or just cash or deposit a check in the account. However, financial institution or business may cross-reference an inactive account with an active one to keep it open.
About estates of deceased owners and dissolved corporations proceeds in Colorado. In accordance with the Escheat Law, 21 years after an estate is probated or a corporation is dissolved, the funds becomes property of the State. In the case of probated or escheated Estates, all claims will be processed by petition to the probate court in the county in which the estate was probated. In the case of Dissolved Corporations the claiming process is completed through the Colorado Treasurer's Office
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