(a) Except as otherwise provided in subsection (b), a holder required to file a report under ยง 18-28-207 shall maintain the records containing the information required to be included in the report for ten (10) years after the holder files the report, unless a shorter period is provided by rule of the administrator.
(b) A business association or financial organization that sells, issues, or provides to others for sale or issue in this state, traveler's checks, money orders, or similar instruments other than third-party bank checks, on which the business association or financial organization is directly liable, shall maintain a record of the instruments while they remain outstanding, indicating the state and date of issue, for three (3) years after the holder files the report.
Section: Previous 18-28-214 18-28-215 18-28-216 18-28-217 18-28-218 18-28-219 18-28-220 18-28-221 18-28-222 18-28-223 18-28-224 18-28-225 18-28-226 18-28-227 18-28-228 NextLast modified: November 15, 2016