Colorado Code § 11-42-116

Joint accounts. Except as to accounts, which are defined in and which are
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paid as provided in article 15 of title 15, C.R.S., where shares or stock of an association is issued
in the name of two or more persons or the survivors of them, such shares or stock and all dues
paid on account thereof by either or any of such persons shall become the property of such
persons as joint tenants, and the same, together with dividends, shall be held for the exclusive
use of such persons and may be paid to either or any of them during their lifetimes or to the
survivors of them after the death of one or more of them, and such payment and the receipt and
acquittance of the persons to whom such payment is made shall be a valid and sufficient release
and discharge to such association for all payments made on account of such shares or stock.

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