C.R.S. Section 23-41-103.7
Corporate stock in name of nominee authorized

(1)

In order to facilitate the investment, reinvestment, sale, and disposition of corporate stocks, the board of trustees may hold certificates of stock in the name of a nominee of its selection without disclosing the fact that the certificates are held by the board of trustees or are held in a fiduciary capacity if:

(a)

The records of the board of trustees and all reports or accounts rendered by it clearly show the ownership of the stock by the board and the facts regarding the board’s holding; and

(b)

The nominee deposits with the board of trustees a signed statement showing the trust ownership, endorses the stock certificate in blank, and does not have possession of or access to the stock certificate except under the immediate supervision of the treasurer of Colorado school of mines or another person that the board of trustees has designated.

(2)

The board of trustees shall maintain a list of certificates of stock held in the names of nominees pursuant to this section and shall make the list available for public inspection during normal business hours.

(3)

The board of trustees shall report to the joint budget committee of the general assembly at each regular session, beginning after August 7, 2013, regarding the investments made and the earnings or losses derived therefrom under the provisions of this section and section 23-41-103.6. The report must include information indicating the extent to which the investment managers hired by the board of trustees have achieved or failed to achieve the performance benchmarks established pursuant to section 23-41-103.8 (1)(b).

Source: Section 23-41-103.7 — Corporate stock in name of nominee authorized, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-23.­pdf (accessed Oct. 20, 2023).

23‑41‑101
Location - powers 23‑41‑102
Board of trustees - term 23‑41‑103
Oath or affirmation of trustees 23‑41‑103.5
The Colorado school of mines fund - creation - control - use 23‑41‑103.6
Investments in consolidated funds 23‑41‑103.7
Corporate stock in name of nominee authorized 23‑41‑103.8
Investment policy - fiduciary responsibility 23‑41‑104
Control - management 23‑41‑104.6
Performance contract - authorization - operations 23‑41‑104.7
Funding 23‑41‑105
School established - role and mission 23‑41‑106
May procure machinery 23‑41‑107
Tuition - school open to all 23‑41‑108
Officers - meeting of board 23‑41‑109
Vacancies 23‑41‑110
Treasurer’s bond 23‑41‑111
Assays and analyses 23‑41‑112
Transfer of property 23‑41‑113
Fund used exclusively for school 23‑41‑114
Colorado energy research institute - creation 23‑41‑116
Rents or charges for buildings and facilities for research 23‑41‑117
Research building revolving fund - appropriation of fund 23‑41‑118
Anticipation warrants 23‑41‑119
Purchase of anticipation warrants 23‑41‑120
Warrants as security - when 23‑41‑121
Tax exemption 23‑41‑122
Borrowing funds 23‑41‑123
Moneys from Colorado school of mines lands 23‑41‑201
Transfer of geological survey - memorandum of understanding - report 23‑41‑202
Legislative declaration 23‑41‑203
Colorado geological survey - created - purpose 23‑41‑204
State geologist - appointment - qualifications 23‑41‑205
Objectives of survey - duties of state geologist 23‑41‑206
Employees 23‑41‑207
Fees - adjustments - geological survey cash fund - created 23‑41‑208
Reports concerning geologic information - definitions
Green check means up to date. Up to date

Current through Fall 2024

§ 23-41-103.7’s source at colorado​.gov