No indemnification or insurance against civil money penalties

C.R.S. § 11-109-603
in effect
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11-109-603. No indemnification or insurance against civil money penalties. Notwithstanding any other provision of law, no trust company shall indemnify or insure any executive officer, director, employee, agent, or person participating in the conduct of affairs of such trust company against civil money penalties.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-11.docx#11-109-603Fetched: 10/6/2026

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