Colorado § 11-42-116 Joint accounts

Colorado Statutes

§ 11-42-116 — Joint accounts

Colorado § 11-42-116

Title 11Financial

Art.Shares and Stock

This text of Colorado § 11-42-116 (Joint accounts) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 11-42-116 (2026).

Text

Except as to accounts, which are defined in and
which are paid as provided in article 15 of title 15, C.R.S., where shares or stock of
an association is issued in the name of two or more persons or the survivors of them,
such shares or stock and all dues paid on account thereof by either or any of such
persons shall become the property of such persons as joint tenants, and the same,
together with dividends, shall be held for the exclusive use of such persons and
may be paid to either or any of them during their lifetimes or to the survivors of
them after the death of one or more of them, and such payment and the receipt and
acquittance of the persons to whom such payment is made shall be a valid and
sufficient release and discharge to such association for all payments made on
acc

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Except as to accounts, which are defined in and
which are paid as provided in article 15 of title 15, C.R.S., where shares or stock of
an association is issued in the name of two or more persons or the survivors of them,
such shares or stock and all dues paid on account thereof by either or any of such
persons shall become the property of such persons as joint tenants, and the same,
together with dividends, shall be held for the exclusive use of such persons and
may be paid to either or any of them during their lifetimes or to the survivors of
them after the death of one or more of them, and such payment and the receipt and
acquittance of the persons to whom such payment is made shall be a valid and
sufficient release and discharge to such association for all payments made on
account of such shares or stock.

Legislative History

Source: L. 33: p. 351, � 2. CSA: C. 25, � 70. CRS 53: � 122-3-16. C.R.S. 1963: � 122-3-16. L. 73: p. 1649, � 14. L. 75: Entire section amended, p. 587, � 3, effective July 1. L. 90: Entire section amended, p. 920, � 4, effective July 1.