Title 11, Financial Institutions
0 chapters · 699 sections in this title.
Colo. Rev. Stat. § 11-106-101 Bank as fiduciary
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It shall be unlawful for a state bank to act as fiduciary, other than as escrow agent, unless it is authorized by its charter or amendments thereto to exercise trust powers. Source: L. 2003: Entire article added with relocations, p. 1133, � 3, effective July 1. Editor's note: Thi…
Colo. Rev. Stat. § 11-106-102 Investment power
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A bank acting as fiduciary shall have the same investment powers as an individual fiduciary under like circumstances. Source: L. 2003: Entire article added with relocations, p. 1133, � 3, effective July 1. Editor's note: This section is similar to former � 11-10-102 as it existed…
Colo. Rev. Stat. § 11-106-103 General fiduciary powers
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Unless otherwise expressly provided by statute, a bank acting as a fiduciary shall have all of the rights, powers, privileges, and immunities and be subject to the same obligations and duties as an individual fiduciary under like circumstances. Source: L. 2003: Entire article add…
Colo. Rev. Stat. § 11-106-104 Agency powers
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In addition to its other powers, any bank that is authorized to exercise fiduciary powers shall, upon proper qualification under this code, have the power to act as a fiduciary in any capacity. It may also act as registrar, transfer agent, or attorney-in-fact and have the power t…
Colo. Rev. Stat. § 11-106-105 Substitution of Colorado bank or Colorado trust company
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(1) In addition to the procedures initiated by an interested party concerning internal affairs of the party's trust pursuant to part 2 of article 5 of title 15, or procedures otherwise permitted by Colorado law, and unless a will, agreement, or trust instrument otherwise provides…
Colo. Rev. Stat. § 11-106-106 Investment in securities
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Notwithstanding any other law to the contrary and subject to the standard contained in sections 11-50-113 (2) and 15-1-304, C.R.S., a Colorado bank or trust company may invest and reinvest the assets that it maintains in its trust in the securities of any open-end or closed-end m…
Colo. Rev. Stat. § 11-106-107 Funds awaiting investment or distribution
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A bank's duties regarding the holding of uninvested or undistributed funds that are awaiting investment or distribution are governed by the Colorado Uniform Prudent Investor Act, article 1.1 of title 15, C.R.S., the Uniform Prudent Management of Institutional Funds Act, part 11 o…