Colorado § 15-15-301 Definitions

Colorado Statutes

§ 15-15-301 — Definitions

Colorado·Title 15 Probate,·Art. Nonprobate Transfers on Death

In this part 3:

(1)Beneficiary form means a registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon the death of the owner.

(2)Register, including its derivatives, means to issue a certificate showing the ownership of a certificated security or, in the case of an uncertificated security, to initiate or transfer an account, including but not limited to an account held on the books of the registering entity, showing ownership of securities.

(3)Registering entity means a person who originates or transfers a security title by registration, and includes a broker, bank, or trust company maintaining security accounts for customers and a transfer agent or other perso

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In this part 3:

(1) Beneficiary form means a registration of a security which indicates the
present owner of the security and the intention of the owner regarding the person
who will become the owner of the security upon the death of the owner.

(2) Register, including its derivatives, means to issue a certificate showing
the ownership of a certificated security or, in the case of an uncertificated security,
to initiate or transfer an account, including but not limited to an account held on the
books of the registering entity, showing ownership of securities.

(3) Registering entity means a person who originates or transfers a
security title by registration, and includes a broker, bank, or trust company
maintaining security accounts for customers and a transfer agent or other person
acting for or as an issuer of securities.

(4) Security means a share, participation, or other interest in property, in a
business, or in an obligation of an enterprise or other issuer, and includes a
certificated security, an uncertificated security, and a security account.

(5) Security account means (i) a reinvestment account associated with a
security, a securities account with a broker, a cash balance in a brokerage account,
cash, cash equivalents, interest, earnings, or dividends earned or declared on a
security in an account, a reinvestment account, or a brokerage account, whether or
not credited to the account before the owner's death; (ii) an investment
management or custody account with a trust company or a trust division of a bank
with trust powers, including the securities in the account, a cash balance in the
account, and cash, cash equivalents, interest, earnings, or dividends earned or
declared on a security in the account, whether or not credited to the account before
the owner's death; or (iii) a cash balance or other property held for or due to the
owner of a security as a replacement for or product of an account security, whether
or not credited to the account before the owner's death.

Colorado § 15-15-301 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 90: Entire article R&RE, p. 917, � 1, effective July 1. L. 2003: (2) and (3) amended, p. 2111, � 5, effective May 22. L. 2004: (5) amended, p. 1535, � 2, effective August 4.