(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.Added by 2024 Ch. 200,§ 1, eff. 8/7/2024.2024 Ch. 200, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
Colorado Legal Code