Colorado Statutes
§ 11-106-107 — Funds awaiting investment or distribution
A bank's duties
regarding the holding of uninvested or undistributed funds that are awaiting
investment or distribution are governed by the Colorado Uniform Prudent Investor
Act, article 1.1 of title 15, C.R.S., the Uniform Prudent Management of Institutional
Funds Act, part 11 of article 1 of title 15, C.R.S., and applicable standards and
requirements imposed by the federal deposit insurance corporation.
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Legislative History
Source: L. 2013: Entire section added, (SB 13-154), ch. 282, p. 1467, � 17,
effective July 1.
Nearby Sections
15
§ 11-10.5-101
Short title§ 11-10.5-102
Legislative declaration§ 11-10.5-103
Definitions§ 11-10.5-104
Applicability of article§ 11-10.5-105
Authority of banking board§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action