[ Editor's note: This version of this section is effective until March 1, 2022. ] It is unlawful for any person to carry on or conduct in this state a trust company business, or to advertise or hold himself or herself out as being engaged in or doing a trust company business, or to use the word "trust" or words "trust company" in connection with a business unless such person has complied with the provisions of this article or other laws of this state specifically authorizing a fiduciary or trust business. Any person violating this section shall be guilty of a misdemeanor and, upon conviction thereof, shall be punished by a fine of not more than one thousand dollars, or by imprisonment in the county jail for not more than one year, or by both such fine and imprisonment.
Structure Colorado Code
Title 11 - Financial Institutions
Part 6 - Offenses, Penalties, Removal, Suspension, and Enforcement
§ 11-109-601. Penalty for Noncompliance With the Law
§ 11-109-601. Penalty for Noncompliance With the Law
§ 11-109-602. Assessment of Civil Money Penalties by Banking Board
§ 11-109-603. No Indemnification or Insurance Against Civil Money Penalties
§ 11-109-604. Removal of Director, Officer, or Other Person
§ 11-109-605. Suspension of Director, Officer, or Other Person