HB16-1049

HB16-1049 - Crowdfunding Escrow In Depository Institutions

Passed/Signed into Law
Concerning An Escrow Account Held By A Depository Institution On Behalf Of An Issuer Of An Intrastate Offering Of Securities.

The bill 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.

House Committees

Senate Committees

Latest update: March 9, 2016
03/09/2016 Governor Signed
03/01/2016 Sent to the Governor
03/01/2016 Signed by the President of the Senate
02/29/2016 Signed by the Speaker of the House
02/24/2016 Senate Third Reading Passed - No Amendments
02/23/2016 Senate Second Reading Passed - No Amendments
02/18/2016 Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
02/01/2016 Introduced In Senate - Assigned to Finance
01/26/2016 House Third Reading Passed - No Amendments
01/25/2016 House Second Reading Passed - No Amendments
01/20/2016 House Committee on Finance Refer Unamended to House Committee of the Whole
01/13/2016 Introduced In House - Assigned to Finance