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Can you summarize 3 COCR 701-6 TC6?
TRUST COMPANIES > Collateralization of Deposits [Section 11-109-104, C.R.S.]
Short Summary
A. On or after December 31, 1990, no trust company shall accept or hold savings deposits, time deposits, or certificates of deposit pursuant to Section 11-109-201 (1)(d), C.R.S., unless such deposits are insured by the Federal Deposit Insurance Corporation (FDIC) or its successor. A trust company is not authorized to receive and maintain transaction deposit accounts pursuant to Section 11-109-201(2), C.R.S.
Jurisdiction
Colorado