Colorado Statutes
§ 11-111-105 — Requirements for special deposit
(1)A deposit is a special
deposit if it is:
(a)A deposit of funds in a bank under an account agreement;
(b)For the benefit of at least two beneficiaries, one or more of which may be
a depositor;
(c)Denominated in a medium of exchange that is currently authorized or
adopted by a domestic or foreign government;
(d)For a permissible purpose stated in the account agreement; and
(e)Subject to a contingency.
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Legislative History
Source: L. 2024: Entire article added, (HB 24-1232), ch. 200, p. 1225, � 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