Colorado Code § 38-13-1011

Determination of liability for unreported reportable property
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If the
administrator determines from an examination conducted under section 38-13-1002 that a
putative holder has failed or refused to pay or deliver property to the administrator that is
reportable under this article 13, the administrator shall issue a determination of the putative
holder's liability to pay or deliver and provide to the putative holder notice in a record of the
determination.

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