C.R.S. § 11-111-105
11-111-105. Requirements for special deposit
11-111-105. Requirements for special deposit. (1) A deposit is a special deposit if it is:
(a) A deposit of funds in a bank under an account agreement;
(b) For the benefit of at least two beneficiaries, one or more of which may be a depositor;
(c) Denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;
(d) For a permissible purpose stated in the account agreement; and
(e) Subject to a contingency.