Colorado Statutes
§ 10-15-107 — Deposit of funds with trustee
Colorado § 10-15-107
This text of Colorado § 10-15-107 (Deposit of funds with trustee) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 10-15-107 (2026).
Text
(1)If a contract seller enters into a
preneed contract in which the consideration is funds, the contract seller shall
deposit not less than seventy-five percent of the total preneed contract price with a
trustee. The contract seller shall deposit all funds in excess of twenty-five percent
of the total preneed contract price with a trustee within forty-five days after receipt
thereof. All funds deposited with a trustee shall be deposited under the terms of a
trust instrument, which shall not be inconsistent or in conflict with the provisions of
this article, and shall be held in trust by the trustee pursuant to the provisions of
this article. Copies of all trust instruments and amendments to such trust
instruments shall be filed with the commissioner.
(2)For each deposit with a
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Legislative History
Source: L. 95: Entire article R&RE, p. 1041, � 1, effective May 25.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other statesCite This Page — Counsel Stack
Bluebook (online)
Colorado § 10-15-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-15-107.