(1) This article 13 does not apply to money held in a lawyer COLTAF trust account.(2) As used in this section, 'lawyer COLTAF trust account' means a Colorado lawyer trust account foundation trust account in which a lawyer, in accordance with the lawyer's professional obligations, holds funds of clients or third persons that are nominal in amount or that are expected to be held for a short period.Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.L. 2019: Entire article R&RE, (SB 19 -088), ch. 422, p. 422, § 1, effective 7/1/2020.This section is similar to former § 38-13-108.3 as it existed prior to 2020.
Colorado Legal Code