{"data":{"id":"us-co/c.r.s.-4-8-103","jurisdiction":"us-co","citation":"C.R.S. § 4-8-103","heading":"Rules for determining whether certain obligations and interests are securities or financial assets.","body":"(a) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security.\n\n(b) An \"investment company security\" is a security. \"Investment company security\" means a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered, or a face-amount certificate issued by a face-amount certificate company that is so registered. Investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.\n\n(c) An interest in a partnership or limited liability company is not a security unless it is dealt in or traded on securities exchanges or in securities markets, its terms expressly provide that it is a security governed by this article, or it is an investment company security. However, an interest in a partnership or limited liability company is a financial asset if it is held in a securities account.\n\n(d) A writing that is a security certificate is governed by this article and not by article 3 of this title, even though it also meets the requirements of that article. However, a negotiable instrument governed by article 3 of this title is a financial asset if it is held in a securities account.\n\n(e) An option or similar obligation issued by a clearing corporation to its participants is not a security, but is a financial asset.\n\n(f) A commodity contract, as defined in section 4-9-102 (a)(15), is not a security or a financial asset.\n\n(g) A document of title is not a financial asset unless section 4-8-102 (a)(9)(iii) applies.\n\n(h) A controllable account, controllable electronic record, or controllable payment intangible is not a financial asset unless section 4-8-102 (a)(9)(iii) applies.","path":["Title 4 - UNIFORM COMMERCIAL CODE","Article 8 - Investment Securities","Part 1 - SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://olls.info/crs/crs2026-title-04.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"2d525c711912e6bc8e7eb04f27322817f5b884a658db9dc239a7410629d3c0fe","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-4-8-102","next":"us-co/c.r.s.-4-8-104"},"notice":"GroundRules: Original legal text. Not legal advice."}