§ 11-59-106. Requirement for Registration of District Bonds
It is unlawful for any district to issue bonds or for any other person to make a distribution of such bonds unless they are first registered with the securities commissioner under section 11-59-108 or unless the issuance of bonds is exempted under section 11-59-110. Source: L. 91: Entire article added, p. 2411, § 1, effective […]
§ 11-59-107. General Registration Provisions
An application for registration of bonds may be filed by the district proposing to issue the bonds or a broker-dealer licensed or exempt under article 51 of this title acting on behalf of such district. Every application for registration shall be accompanied by a fee, which shall be determined and collected pursuant to section 11-59-119. […]
§ 11-59-108. Registration of Bonds
An issuance of bonds may be registered by a district under this article. An application for registration of bonds under this section shall contain full and fair disclosure of all material facts respecting the bonds offered, including the following information, shall state the title of the bonds and the number and amount being registered under […]
§ 11-59-109. Denial, Suspension, or Revocation of Registration
The securities commissioner may issue a stop order denying effectiveness to, or suspending or revoking the effectiveness of, any application for registration, if the securities commissioner finds that the order is in the public interest and any one of the following grounds exists: The application for registration as of its effective date, or as of […]
§ 11-59-110. Exemptions From Registration
Subject to the requirements of subsection (2) of this section, the following issues of bonds by a district are exempted from all of the provisions of sections 11-59-104 and 11-59-106: Bonds issued on or before December 31, 1991; Any issue of general obligation bonds where the total obligation represented by the issue together with any […]
§ 11-59-111. Unlawful Representation Concerning Registration or Exemption
Neither the fact that an application for registration has been filed nor the fact that an application for registration has become effective constitutes a finding by the securities commissioner that any document filed under this article is true, is complete, and is not misleading. No such fact, nor the fact that an exemption or exception […]
§ 11-59-112. Misleading Filing
It is unlawful for any person to make or cause to be made, in any document filed with the securities commissioner or in any proceeding under this article, any statement which the person knows or has reasonable grounds to know is, at the time and in light of the circumstances under which it is made, […]
§ 11-59-113. Investigations – Subpoenas
The securities commissioner may make such public and private investigations within or outside of this state as the securities commissioner deems necessary to determine whether any person has violated or is about to violate any provision of this article or any rule or order under this article or to aid in the enforcement of this […]
§ 11-59-114. Enforcement by Injunction
Whenever it appears to the securities commissioner upon sufficient evidence satisfactory to the securities commissioner that any person has engaged in or is about to engage in any act or practice constituting a violation of any provision of this article or of any rule or order under this article, the securities commissioner may apply to […]
§ 11-59-115. Criminal and Civil Penalties and Damages
Any person who willfully violates the provisions of section 11-59-112 commits a class 3 felony and shall be punished as provided in section 18-1.3-401, C.R.S. [ Editor’s note: This version of subsection (2) is effective until March 1, 2022.] Any person who willfully violates any of the provisions of this article, other than section 11-59-112, […]