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Colorado Revised Statutes Title 11. Financial Institutions § 11-109-906. Funds awaiting investment or distribution

Current as of January 01, 2025 | Updated by Findlaw Staff

Funds held by a trust company in a fiduciary capacity that are awaiting investment or distribution shall not be held uninvested or undistributed any longer than is reasonable for the proper management of the account. Funds held in trust by a trust company awaiting investment or distribution may, unless prohibited by the instrument creating the trust, be deposited in an account with the trust company as provided in section 11-109-201(1)(d).

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 11. Financial Institutions § 11-109-906. Funds awaiting investment or distribution - last updated January 01, 2025 | https://codes.findlaw.com/co/title-11-financial-institutions/co-rev-st-sect-11-109-906/

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