Colorado Code § 23-2-103.5

Deposit of records upon discontinuance
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(1) (a) If a private college or
university or seminary or religious training institution ceases operating within this state, the
owner of the institution or his or her designee shall deposit with the department the original or
legible true copies of all educational records of the institution.
(b) If the commission determines that the records of a private college or university or
seminary or religious training institution that ceases operating within the state are in danger of
being destroyed, secreted, mislaid, or otherwise made unavailable to the department, the
commission may seek a court order authorizing the department to seize and take possession of
the records.
(c) The department or the attorney general may enforce the provisions of this subsection
(1) by filing a request for an injunction with a court of competent jurisdiction.
(d) The commission shall adopt policies for the implementation of this subsection (1).
(2) A person may request, in accordance with the provisions of the "Colorado Open
Records Act", part 2 of article 72 of title 24, C.R.S., a copy of a record held by the department
pursuant to this section.
(3) The department shall permanently retain any student transcripts received pursuant to
this section. The department shall retain any other records received pursuant to this section for
ten years following the date on which it receives or obtains the records. After the required
retention period, the department shall dispose of the records in a manner that will adequately
protect the privacy of personal information included in the records.

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