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Section 11-105-104 - Minor or institutional deposits — Colorado Law | CourtGPT
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  4. Title 11 - Financial Institutions Banks and Industrial Banks (§§ 11-1-101 — 11-24-107)banking Code (§§ 11-1-101 — 11-11-101)/
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  6. Colorado Banking Code/
  7. Article 105 - Banking Practices/
  8. Part 1 - General Provisions/
  9. Section 11-105-104 - Minor or institutional deposits
Colorado Legal Code
(1) A bank may operate a deposit account for a minor with the same effect upon its liability as if the minor were of full age unless the minor's guardian or conservator files with the bank a certified copy of the order of a Colorado court having jurisdiction appointing the guardian or conservator and directs otherwise.(2) Subject to such rules, not in conflict with section 11-105-101, as the banking board may prescribe for the protection of depositors, a bank may contract with the proper authorities of any public or nonpublic elementary or secondary school or any public or charitable institution caring for minors for the participation by the bank in any school or institutional thrift or savings plan.Amended by 2024 Ch. 461,§ 28, eff. 8/7/2024.L. 2003: Entire article added with relocations, p. 1114, § 3, effective July 1.This section is similar to former § 11-6-104 as it existed prior to 2003.2024 Ch. 461, was passed without a safety clause. See Colo. Const. art. V, § 1(3).

Section 11-105-104 - Minor or institutional deposits

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