Colorado § 11-109-906 - Funds awaiting investment or distribution.
Full text of Colorado Colorado Revised Statutes § 11-109-906 — Funds awaiting investment or distribution., with citation guidance and answers to common questions.
§ 11-109-906. Funds awaiting investment or distribution.
Funds held by a trust company in a fiduciary capacity that are awaiting investment or distribution shall not be held uninvested or undistributed any longer than is reasonable for the proper management of the account. Funds held in trust by a trust company awaiting investment or distribution may, unless prohibited by the instrument creating the trust, be deposited in an account with the trust company as provided in section 11-109-201 (1)(d).
Source: L. 2003: Entire article added with relocations, p. 1205, § 3, effective July 1.
Editor's note: This section is similar to former § 11-23-113 as it existed prior to 2003.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-109-906
What does Colorado Revised Statutes § 11-109-906 cover?
Section 11-109-906 ("Funds awaiting investment or distribution.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 11-109-906?
A common citation format is "Colorado Revised Statutes § 11-109-906" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 11-109-906 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.