Laws of Escheat. All Parties are hereby advised that unclaimed funds may be payable to the State of Colorado at some future date pursuant to the laws of escheat, and should Escrow Holder so pay any such funds held in the Escrow, Escrow Holder shall be released from all further responsibility under this Agreement and shall not be liable to any Party so long as such payment was made pursuant to the statues of Colorado or regulations of the Colorado Department of Revenue.
Appears in 3 contracts
Sources: Intergovernmental Agreement, Intergovernmental Agreement, Intergovernmental Agreement