Any fiduciary may deposit fiduciary property with a bank or trust company, including a federal reserve bank, or with a clearing corporation, as defined in section 4-8-102 (a)(5), C.R.S., as depository, and such fiduciary property so deposited may be registered in such depository's name as nominee for the fiduciary or may be registered in the name of a nominee of such depository.
Source: L. 77: Entire part R&RE, p. 826, � 1, effective July 1. L. 96: Entire section amended, p. 245, � 23, effective July 1.
Editor's note: This section is similar to former � 15-1-502 as it existed prior to 1977.
15-1-504. Holding of securities by fiduciary or depository of fiduciary property. Any bank or trust company or clearing corporation acting as a fiduciary or depository of fiduciary property may merge and hold securities held as fiduciary property, without certification as to ownership attached, with other securities held as fiduciary property, in one or more certificates representing securities of the same class of the same issuer. Ownership of such securities may be transferred by bookkeeping entry on the books of the fiduciary or of the depository without physical delivery of certificates representing such securities.
Source: L. 77: Entire part R&RE, p. 826, � 1, effective July 1.
Editor's note: This section is similar to former � 15-1-503 as it existed prior to 1977.