Colorado § 23-20-119 Corporate stock in name of nominee authorized - report

Colorado Statutes

§ 23-20-119 — Corporate stock in name of nominee authorized - report

Colorado·Title 23 Postsecondary Education·Art. University of Colorado

(1)In order to facilitate the investment, reinvestment, sale, and disposition of corporate stocks, the regents of the university of Colorado are authorized to hold certificates of stock in the name of a nominee of their selection without disclosing the fact that certificates are held by the regents or are held in a fiduciary capacity, if:

(a)The records of the regents and all reports or accounts rendered by them clearly show the ownership of the stock by the regents and the facts regarding their holding; and

(b)The nominee deposits with the regents a signed statement showing the trust ownership, endorses the stock certificate in blank, and does not have possession of the stock certificate or access thereto except under the immediate supervision of the treasurer of the univers

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(1) In
order to facilitate the investment, reinvestment, sale, and disposition of corporate
stocks, the regents of the university of Colorado are authorized to hold certificates
of stock in the name of a nominee of their selection without disclosing the fact that
certificates are held by the regents or are held in a fiduciary capacity, if:

(a) The records of the regents and all reports or accounts rendered by them
clearly show the ownership of the stock by the regents and the facts regarding
their holding; and

(b) The nominee deposits with the regents a signed statement showing the
trust ownership, endorses the stock certificate in blank, and does not have
possession of the stock certificate or access thereto except under the immediate
supervision of the treasurer of the university or such other person as the regents
designate.

(2) Notwithstanding section 24-1-136 (11)(a)(I), a report shall be made by the
regents of the university of Colorado, to the general assembly at each regular
session, of the investments made and the interest derived therefrom under the
provisions of this section and section 23-20-118.

Colorado § 23-20-119 (Corporate stock in name of nominee authorized - report) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 55: p. 806, � 3. CRS 53: � 124-2-42. C.R.S. 1963: � 124-2-32. L. 76: (2) amended, p. 304, � 38, effective May 20. L. 2017: (2) amended, (HB 17-1251), ch. 253, p. 1060, � 10, effective August 9.