Title 11, Financial Institutions
0 chapters · 699 sections in this title.
Colo. Rev. Stat. § 11-24-101 Short title
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This article shall be known and may be cited as the Uniform Common Trust Fund Act. Source: L. 47: p. 894, � 5. CSA: C. 18, � 177. CRS 53: � 14-10-5. C.R.S. 1963: � 14-18-5.
Colo. Rev. Stat. § 11-24-102 Common trust funds established and operated
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Any bank or trust company qualified to act as fiduciary in this state may establish and operate, alone or jointly with another bank or trust company qualified to act as fiduciary in this state, common trust funds for the purpose of furnishing investments to itself as fiduciary, t…
Colo. Rev. Stat. § 11-24-103 Exclusive management and control
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Any bank or trust company maintaining one or more common trust funds shall have the exclusive management and control of each common trust fund administered by it and the sole right at any time to sell, convert, exchange, transfer, or otherwise change or dispose of the assets comp…
Colo. Rev. Stat. § 11-24-104 Court accountings
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Unless ordered by a court of competent jurisdiction, the bank or trust company operating such common trust funds is not required to render a court accounting with regard to such funds; but, by application to the district court, it may secure approval of such an accounting on such…
Colo. Rev. Stat. § 11-24-105 Uniformity of interpretation
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This article shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it. Source: L. 47: p. 893, � 3. CSA: C. 18, � 175. CRS 53: � 14-10-4. C.R.S. 1963: � 14-18-4.
Colo. Rev. Stat. § 11-24-106 Existing fiduciary relationships
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This article became effective January 1, 1948, and applies to fiduciary relationships then in existence or thereafter established. Source: L. 47: p. 894, � 8. CSA: C. 18, � 178. CRS 53: � 14-10-6. C.R.S. 1963: � 14-18-6.
Colo. Rev. Stat. § 11-24-107 Fiduciary defined
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The word fiduciary, whenever used in this article, means a bank or trust company undertaking to act alone or jointly with others primarily for the benefit of another or others in all matters connected with its undertaking and includes personal representatives [including executors…