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Crowdfunding Escrow In Depository Institutions

Concerning an escrow account held by a depository institution on behalf of an issuer of an intrastate offering of securities.

HB16-1049 2016 Regular Session Not stated Financial Services & Commerce

Cost estimates

At the first note read
No state fiscal impact
FACT January 14, 2016
At the last note read
No state fiscal impact
FACT May 31, 2016
What it actually cost
not published
No Colorado source reports spending for one bill

Every figure here is an estimate by Legislative Council Staff on the date shown, about the version of the bill in front of them that day. It is not a cost.

Bill summary

The act amends the 'Colorado Crowdfunding Act', enacted in 2015, by:

  • Using the defined term 'depository institution' to describe the entity that an issuer must use to set up an escrow account to hold the proceeds of a sale of intrastate securities; and
  • Allowing the issuer to terminate the escrow account once the minimum amount of proceeds from the sale of the securities have been deposited into the account.

FACT Bill summary by Colorado Legislative Council Staff, read 2026-09-23. Printed as published, word for word. Source: leg.colorado.gov (opens in a new tab)