Colorado Code § 11-109-601

Penalty for noncompliance with the law
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It is unlawful for any person to
carry on or conduct in this state a trust company business, or to advertise or hold oneself out as
being engaged in or doing a trust company business or to use the word "trust" or words "trust
company" in connection with a business unless such person has complied with the provisions of
this article 109 or other laws of this state specifically authorizing a fiduciary or trust business. A
person who violates this section commits a class 2 misdemeanor.

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