Colorado § 39-22-657 - Material advisor - maintenance of list.
Full text of Colorado Colorado Revised Statutes § 39-22-657 — Material advisor - maintenance of list., with citation guidance and answers to common questions.
§ 39-22-657. Material advisor - maintenance of list.
(1) For each reportable or listed transaction, a material advisor shall maintain a list of the persons to which the material advisor provides material aid, assistance, or advice with respect to organizing, managing, promoting, selling, implementing, insuring, or carrying out a reportable or listed transaction.
(2) The list required by subsection (1) of this section shall include:
(a) The name of each person described in subsection (1) of this section that is doing business in this state, a member of a Colorado combined group, or a member of an affiliated group as defined in section 1504 of the internal revenue code that includes a taxpayer doing business in this state;
(b) The same information required to be contained in the list described in 26 CFR 301.6112-1; and
(c) Any additional information required by the department by rules promulgated in accordance with section 39-21-112 (1).
(3) The list required by subsection (1) of this section shall be maintained in the same form and manner as the list described in 26 CFR 301.6112-1.
(4) A material advisor required to maintain a list under subsection (1) of this section shall:
(a) Make the list available to the department upon written request by the department; and
(b) Retain the information that is required to be included on the list for seven years from the date that the information is included.
(5) The department shall promulgate rules in accordance with section 39-21-112 (1) establishing procedures to implement this section.
Source: L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 274, § 4, effective April 2.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 39-22-657
What does Colorado Revised Statutes § 39-22-657 cover?
Section 39-22-657 ("Material advisor - maintenance of list.") 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 § 39-22-657?
A common citation format is "Colorado Revised Statutes § 39-22-657" (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 § 39-22-657 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.