Colorado Statutes
§ 11-109-601 — Penalty for noncompliance with the law
It is unlawful for any
person to carry on or conduct in this state a trust company business, or to advertise
or hold oneself out as being engaged in or doing a trust company business or to use
the word trust or words trust company in connection with a business unless
such person has complied with the provisions of this article 109 or other laws of this
state specifically authorizing a fiduciary or trust business. A person who violates
this section commits a class 2 misdemeanor.
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Legislative History
Source: L. 2003: Entire article added with relocations, p. 1193, � 3, effective
July 1. L. 2021: Entire section amended, (SB 21-271), ch. 462, p. 3153, � 132, effective
March 1, 2022. L. 2024: Entire section amended, (HB 24-1351), ch. 461, p. 3207, �
34, effective August 7.
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