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 management investment
company or investment trust registered under the federal “Investment Company Act of
1940”, 15 U.S.C. sec. 80a-1 et seq., as amended. A Colorado bank or trust company shall be allowed to make such investment even if
it exercises investment discretion as a fiduciary, custodian, managing agent, or otherwise
with respect to the investment and reinvestment of assets that it maintains in its
trust department. The fact that a Colorado bank or trust company, or any affiliate thereof, is providing
services to the investment company or trust as investment advisor, sponsor, distributor,
custodian, transfer agent, registrar, or otherwise, and receiving reasonable remuneration
for the services, does not preclude such bank or trust company from investing in the
securities of such investment company or trust.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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