Fabio
79 lines
5.2 KiB
Markdown
79 lines
5.2 KiB
Markdown
---
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type: "Bill"
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title: "Bank And Credit Union Reliance On A Certificate Of Trust"
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description: "Currently, a bank may rely on a certificate of trust when trustees open a trust deposit account. The bill requires trustees to provide additional information in a certificate of trust. The bill also permits a bank to rely on a certificate of trust for any transaction between the bank and the trustees unless the bank has knowledge that the certificate of trust is contrary to the trust agreement. Knowledge will not be inferred solely because the bank has a copy of the trust agreement."
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jurisdiction: "us/states/co"
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legislature: "Colorado General Assembly"
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session: "2017A"
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identifier: "HB 17-1157"
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citation: "Colorado HB 17-1157 (2017A)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Dan Nordberg", "Kevin Priola", "Tracy Kraft-Tharp"]
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version_count: 8
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action_count: 12
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vote_count: 2
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first_action: "2017-02-06T07:00:00+00:00"
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last_action: "2017-03-23T06:00:00+00:00"
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source: "openstates"
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source_identifier: "ocd-bill/fa4bfba4-1116-4d7f-bf64-d9bc7b7b6bca"
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source_url: "http://leg.colorado.gov/bills/hb17-1157"
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source_hash: "e1bc02acf93960d14be10515c7812bfb4650e93fad2adf45a0da0c46777783ba"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-co"]
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---
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# Colorado HB 17-1157 (2017A) — Bank And Credit Union Reliance On A Certificate Of Trust
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Currently, a bank may rely on a certificate of trust when trustees open a trust deposit account. The bill requires trustees to provide additional information in a certificate of trust. The bill also permits a bank to rely on a certificate of trust for any transaction between the bank and the trustees unless the bank has knowledge that the certificate of trust is contrary to the trust agreement. Knowledge will not be inferred solely because the bank has a copy of the trust agreement.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Committee Amendment** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2017a/bills/cr/2017A_HB1157_S_FIN_001.pdf)
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2. **Engrossed (02/21/2017)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2017A/bills/2017a_1157_eng.pdf)
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3. **Final Act (03/17/2017)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2017A/bills/2017a_1157_enr.pdf)
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4. **Introduced (02/06/2017)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2017A/bills/2017a_1157_01.pdf)
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5. **Reengrossed (02/22/2017)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2017A/bills/2017a_1157_ren.pdf)
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6. **Rerevised (03/13/2017)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2017A/bills/2017a_1157_rer.pdf)
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7. **Revised (03/10/2017)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2017A/bills/2017a_1157_rev.pdf)
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8. **Signed Act (03/23/2017)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2017A/bills/2017a_1157_signed.pdf)
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## Votes
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- Refer House Bill 17-1157 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 5-0. — **5–0** (pass) · legislature
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- Refer House Bill 17-1157 to the Committee of the Whole. The motion passed on a vote of 12-0. — **12–0** (pass) · legislature
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## Sponsors
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- Dan Nordberg — primary (person)
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- Kevin Priola — primary (person)
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- Tracy Kraft-Tharp — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2017-03-23T06:00:00+00:00** Governor Signed `executive-signature`
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- **2017-03-20T06:00:00+00:00** Sent to the Governor `executive-receipt`
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- **2017-03-17T06:00:00+00:00** Signed by the President of the Senate
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- **2017-03-17T06:00:00+00:00** Signed by the Speaker of the House
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- **2017-03-13T06:00:00+00:00** Senate Third Reading Passed - No Amendments `reading-3, passage`
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- **2017-03-10T07:00:00+00:00** Senate Second Reading Passed - No Amendments `reading-2`
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- **2017-03-07T07:00:00+00:00** Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole `committee-passage`
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- **2017-02-22T07:00:00+00:00** Introduced In Senate - Assigned to Finance `introduction`
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- **2017-02-22T07:00:00+00:00** House Third Reading Passed - No Amendments `reading-3, passage`
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- **2017-02-21T07:00:00+00:00** House Second Reading Passed - No Amendments `reading-2`
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- **2017-02-16T07:00:00+00:00** House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole `referral-committee, committee-passage`
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- **2017-02-06T07:00:00+00:00** Introduced In House - Assigned to Business Affairs and Labor `introduction`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/fa4bfba4-1116-4d7f-bf64-d9bc7b7b6bca`. Confidence: reported (aggregated from official Colorado legislature records).
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