Colorado Statutes
§ 11-109-102 — Use of words trust or trust company
(1)It is unlawful for
any person, firm, association, or corporation to use or advertise the words trust or
trust company in the conduct of its business in such a manner as is likely to cause
the public to be confused, deceived, or mistaken that the person, firm, association,
or corporation has been authorized to transact business as a regulated financial
institution unless the person, firm, association, or corporation is organized under the
Colorado Banking Code, articles 101 to 109 of this title, article 70 of this title, the
banking laws of another state, or the national banking laws and is authorized to use
the words trust or trust company as part of its name.
(2)Subsection (1) of this section does not apply to trust institutions.
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Legislative History
Source: L. 2003: Entire article added with relocations, p. 1177, � 3, effective
July 1. L. 2013: Entire section amended, (SB 13-154), ch. 282, p. 1482, � 49, 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