Colorado Statutes
§ 11-111-108 — Property interest of depositor or beneficiary
(1)Neither a
depositor nor a beneficiary has a property interest in a special deposit.
(2)Any property interest with respect to a special deposit is only in the right
to receive payment if the bank is obligated to pay a beneficiary and not in the
special deposit itself. Any property interest under this subsection (2) is determined
under other law.
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Legislative History
Source: L. 2024: Entire article added, (HB 24-1232), ch. 200, p. 1226, � 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