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s_fin_2017a_2017-03-07t14:02:45z1 Hearing Summary

Date: 03/07/2017

Location: SCR 357


BILL SUMMARY for HB17-1157


Votes: View--> Action Taken:
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02:13 PM -- HB17-1157

Senator Priola, prime sponsor, presented House Bill 17-1157, which requires that a certificate of trust be provided for any bank transaction and expands the information that must be on a certificate of trust to include: a statement that the trust exists and the date the trust instrument was first executed; the identity of the settlor; the identity of the current trustee; the power of the trustee in the transaction; whether the trust is revocable and the identity of any person who can revoke the trust; the authority of cotrustees to sign and whether all the cotrustees are required to sign an order to exercise the powers of the trustees; and the name in which the title to trust property may be taken.

02:14 PM --
Jenifer Waller, representing the Colorado Bankers Association, testified in support of the bill.

02:19 PM

The bill was laid over until later in the meeting. The committee recessed.