It is unlawful for any person to carry on or conduct in this state a trust company business, or to advertise or hold oneself 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 109 or other laws of this state specifically authorizing a fiduciary or trust business. A person who violates this section commits a class 2 misdemeanor.Amended by 2024 Ch. 461,§ 34, eff. 8/7/2024.Amended by 2021 Ch. 462, §132, eff. 3/1/2022.L. 2003: Entire article added with relocations, p. 1193, § 3, effective July 1. This section is similar to former § 11-23-119 as it existed prior to 2003.2024 Ch. 461, was passed without a safety clause. See Colo. Const. art. V, § 1(3). For the penalty for a class 2 misdemeanor, see § 18-1.3-501.