Colorado § 11-53-104 - Exempt person transactions.
Full text of Colorado Colorado Revised Statutes § 11-53-104 — Exempt person transactions., with citation guidance and answers to common questions.
§ 11-53-104. Exempt person transactions.
(1) The prohibitions in section 11-53-103 shall not apply to any transaction offered by and in which any of the following persons (or any employee, officer, or director thereof acting solely in that capacity) is the purchaser or seller:
(a) A person registered with the commodity futures trading commission as a futures commission merchant or as a leverage transaction merchant whose activities require such registration;
(b) A person registered with the securities and exchange commission as a broker-dealer whose activities require such registration;
(c) A person affiliated with, and whose obligations and liabilities under the transaction are guaranteed by, a person referred to in paragraph (a) or (b) of this subsection (1);
(d) A person who is a member of a contract market designated by the commodity futures trading commission (or any clearinghouse thereof);
(e) A financial institution; or
(f) A person registered under the laws of this state as a securities broker or dealer whose activities require such registration.
(2) The exemption provided by subsection (1) of this section shall not apply to any transaction or activity which is prohibited by the commodity exchange act or CFTC rule.
Source: L. 89: Entire article R&RE, p. 632, § 1, effective July 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-53-104
What does Colorado Revised Statutes § 11-53-104 cover?
Section 11-53-104 ("Exempt person transactions.") 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 § 11-53-104?
A common citation format is "Colorado Revised Statutes § 11-53-104" (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 § 11-53-104 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.