Colorado § 23-53-103.4 Corporate stock in name of nominee authorized

Colorado Statutes

§ 23-53-103.4 — Corporate stock in name of nominee authorized

Colorado § 23-53-103.4

Title 23Postsecondary Education

Art.Colorado Mesa University

This text of Colorado § 23-53-103.4 (Corporate stock in name of nominee authorized) 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. § 23-53-103.4 (2026).

Text

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

(a)The records of the board and all reports or accounts rendered by it clearly show the ownership of the stock by the board and the facts regarding the board's holding; and

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

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

(a) The records of the board and all reports or accounts rendered by it
clearly show the ownership of the stock by the board and the facts regarding the
board's holding; and

(b) The nominee deposits with the board a signed statement showing the
trust ownership, endorses the stock certificate in blank, and does not have
possession of or access to the stock certificate except under the immediate
supervision of the treasurer of Colorado Mesa university or another person that the
board of trustees has designated.

(2) The board of trustees shall maintain a list of certificates of stock held in
the names of nominees pursuant to this section and shall make the list available for
public inspection during normal business hours.

(3) The board of trustees shall report to the joint budget committee of the
general assembly at each regular session regarding the investments made and the
earnings or losses derived therefrom under the provisions of this section and
section 23-53-103.3. The report shall include information indicating the extent to
which the investment managers hired by the board of trustees have achieved or
failed to achieve the performance benchmarks established pursuant to section 23-53-103.6 (1)(b).

Legislative History

Source: L. 2008: Entire section added, p. 341, � 3, effective April 10. L. 2011: (1)(b) amended, (SB 11-265), ch. 292, p. 1362, � 6, effective August 10.