Colorado § 11-109-907 - Extensions of credit.
Full text of Colorado Colorado Revised Statutes § 11-109-907 — Extensions of credit., with citation guidance and answers to common questions.
§ 11-109-907. Extensions of credit.
(1) A trust company shall not make any loans or extensions of credit except as provided in subsection (2) of this section.
(2) A trust company may:
(a) Make a loan or extend credit to its officers, directors, and employees if such loan or credit is adequately secured and does not involve more than the normal risk of default or present other unfavorable features. Any loan or extension of credit in excess of twenty-five thousand dollars shall be subject to prior approval by the banking board.
(b) Establish with one or more broker-dealers margin accounts in its name as fiduciary or custodian for the benefit of the owners or beneficiaries of such accounts.
Source: L. 2003: Entire article added with relocations, p. 1206, § 3, effective July 1. L. 2008: Entire section amended, p. 1502, § 3, effective May 28. L. 2013: (1) and IP(2) amended, (SB 13-154), ch. 282, p. 1485, § 58, effective July 1.
Editor's note: This section is similar to former § 11-23-114 as it existed prior to 2003.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-109-907
What does Colorado Revised Statutes § 11-109-907 cover?
Section 11-109-907 ("Extensions of credit.") 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 § 11-109-907?
A common citation format is "Colorado Revised Statutes § 11-109-907" (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 § 11-109-907 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.