C.R.S. § 38-13-903

(1) A person claiming to be the owner of property held by the administrator under this article 13 may file a claim for the property on a form prescribed by the administrator. (2) The administrator may waive the requirement in subsection (1) of this section and may pay or deliver property directly to a person if: (a) The person receiving the property or payment is shown to be the apparent owner included on a report filed under section 38-13-401 ; and (b) The administrator reasonably believes the person is entitled to receive the property or payment.