Requirements for special deposit

C.R.S. § 11-111-105
in effect
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11-111-105. Requirements for special deposit. (1) A deposit is a special deposit if it is: (a) A deposit of funds in a bank under an account agreement; (b) For the benefit of at least two beneficiaries, one or more of which may be a depositor; (c) Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government; (d) For a permissible purpose stated in the account agreement; and (e) Subject to a contingency.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-11.docx#11-111-105Fetched: 10/6/2026

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