Colorado Statutes
§ 11-51-903 — Interests in local government investment pool trust fund
(1)For
the purposes of this part 9, unless the context otherwise requires:
(a)The interest of a participating local government in a local government
investment pool trust fund is a security, as defined by section 11-51-201 (17); and
(b)The solicitation of a local government to participate in a local government
investment pool trust fund constitutes an offer to sell a security, as defined by
section 11-51-201 (13)(c), by the trust fund to the local government, and the
consummation of an agreement to participate in a local government investment
pool trust fund constitutes a sale of a security, as defined by section 11-51-201
(13)(a), by the trust fund to the local government.
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Legislative History
Source: L. 93: Entire part added, p. 327, � 4, effective July 1.
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