For purposes of this part 5, a bank or trust company acting as custodian shall be deemed to be a fiduciary, and property held in custody by a bank or trust company shall be deemed to be fiduciary property.
Source: L. 77: Entire part R&RE, p. 827, § 1, effective July 1.
Editor's note: This section is similar to former § 15-1-507 as it existed prior to 1977.
Structure Colorado Code
Title 15 - Probate, Trusts, and Fiduciaries
Part 5 - Fiduciary Property - Depository Nominees
§ 15-1-501. Fiduciary Property Kept Separate
§ 15-1-503. Fiduciary Property Deposits
§ 15-1-504. Holding of Securities by Fiduciary or Depository of Fiduciary Property
§ 15-1-506. Liability of Issuer
§ 15-1-507. Custodian as Fiduciary