Colorado § 11-113-102 - Definitions.
Full text of Colorado Colorado Revised Statutes § 11-113-102 — Definitions., with citation guidance and answers to common questions.
§ 11-113-102. Definitions.
As used in this article 113, unless the context otherwise requires:
(1) "Disbursement" means a transaction by a financial institution to or for the benefit of a member or account holder, regardless of the method, medium, instrument, channel, or technology used for the transaction.
(2) "Eligible adult" means:
(a) An individual seventy years old or older; or
(b) An individual eighteen years old or older who is susceptible to mistreatment or self-neglect because the individual:
(I) Is unable to perform or obtain services necessary for the individual's health, safety, or welfare; or
(II) Lacks sufficient understanding or capacity to make or communicate responsible decisions concerning the individual's person or affairs.
(3) "Financial exploitation" means an act or omission committed by a person that:
(a) Uses deception, harassment, intimidation, or undue influence to permanently or temporarily deprive an eligible adult of the use, benefit, or possession of anything of value;
(b) Employs the services of a third party for the profit or advantage of the person or another person to the detriment of the eligible adult;
(c) Forces, compels, coerces, or entices an eligible adult to perform services for the profit or advantage of the person or another person; or
(d) Misuses the property of an eligible adult in a manner that adversely affects the eligible adult's ability to receive health care or health-care benefits or to pay for basic needs or obligations.
(4) "Financial institution" means:
(a) A bank, as defined in section 11-101-401 (5); or
(b) A credit union, as described in section 11-30-101 (1).
(5) "Good faith" means honesty in fact in the transaction and some reasonable ground for belief that the transaction is rightful or authorized.
(6) "Qualified individual" means an employee of a financial institution who:
(a) Performs monetary transactions for, sells financial services to, or approves loans for customers of or members of the financial institution;
(b) Supervises an employee described in subsection (6)(a) of this section; or
(c) Has the responsibility of ensuring compliance with the financial institution's legal duties.
Source: L. 2026: Entire article added, (HB 26-1110), ch. 150, p. 834, § 1, effective August 12.
Frequently Asked Questions About Colorado § 11-113-102
What does Colorado Revised Statutes § 11-113-102 cover?
Section 11-113-102 ("Definitions.") 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 § 11-113-102?
A common citation format is "Colorado Revised Statutes § 11-113-102" (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 § 11-113-102 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.