Colorado Statutes
§ 11-111-103 — Scope - choice of law - forum
(1)This article 111 applies to a
special deposit under an account agreement that states the intention of the parties
to establish a special deposit governed by this article 111, regardless of whether a
party to the account agreement or a transaction related to the special deposit, or
the special deposit itself, has a reasonable relation to this state.
(2)The parties to an account agreement may choose a forum in this state for
settling a dispute arising out of the special deposit, regardless of whether a party
to the account agreement or a transaction related to the special deposit, or the
special deposit itself, has a reasonable relation to this state.
(3)This article 111 does not affect:
(a)A right or obligation relating to a deposit other than a special deposit
under this
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Legislative History
Source: L. 2024: Entire article added, (HB 24-1232), ch. 200, p. 1224, � 1,
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