Cross references: For provisions regarding funeral contract trust funds, see article 15 of title 10; for provisions regarding the "Money Transmitters Act", see article 110 of this title 11; for the "Revised Uniform Unclaimed Property Act", see article 13 of title 38.
Banking Code
General Financial Provisions
Industrial Banks
Trust Companies and Trust Funds
Fiduciaries and Trusts
Securities
Colorado Banking Code
BANKS AND INDUSTRIAL BANKS
Banking Code
Editor's note: (1) Unless otherwise specified, articles 1 to 10 were numbered as articles 1 to 7 and 9 to 11 of chapter 14, C.R.S. 1963. For amendments to these articles prior to their repeal in 2003, consult the Colorado statutory research explanatory note and the table itemizing the replacement volumes and supplements to the original volume of C.R.S. 1973 beginning on page vii in the front of this volume.
(2) The provisions of articles 1 to 10 were relocated to articles 101 to 109 of this title. For the location of specific provisions, see the editor's note following each section in said articles 101 to 109.
Article 6.3 Holding Companies
§ 11-6.3-101
Article 10.5 Public Deposit Protection
§ 11-10.5-101 Short title
§ 11-10.5-102 Legislative declaration
§ 11-10.5-103 Definitions
§ 11-10.5-104 Applicability of article
§ 11-10.5-105 Authority of banking board
§ 11-10.5-106 Designation as eligible public depository - acceptance of provisions
§ 11-10.5-107 Eligible collateral - uninsured public deposits
§ 11-10.5-108 Collateral - where held - right of substitution - income derived
§ 11-10.5-109 Verification of collateral held - reports required
§ 11-10.5-110 Procedures when event of default occurs
§ 11-10.5-111 Public funds to be deposited only in eligible public depositories - responsibilities of official custodians and eligible public depositories - penalty
§ 11-10.5-112 Annual fees and assessments
Article 24 Uniform Common Trust Fund Act
§ 11-24-101 Short title
§ 11-24-102 Common trust funds established and operated
§ 11-24-103 Exclusive management and control
§ 11-24-104 Court accountings
§ 11-24-105 Uniformity of interpretation
§ 11-24-106 Existing fiduciary relationships
§ 11-24-107 Fiduciary defined
Article 30 Credit Unions - General Provisions
§ 11-30-101 Definitions - organization - charter - investigation
§ 11-30-101.7 Hearing procedures for community field of membership credit unions
§ 11-30-102 Bylaws of credit unions
§ 11-30-103 Membership
§ 11-30-103.5 Branches
§ 11-30-104 Powers
§ 11-30-105 Exclusive right to use "credit union" in title - penalty
§ 11-30-106 Examinations - reports - powers of commissioner - rules - penalty
§ 11-30-106.5 Assessment of civil money penalties
§ 11-30-107 Fiscal year - meetings
§ 11-30-108 Elections
§ 11-30-109 Directors and officers - compensation
§ 11-30-110 Credit committee - credit officer
§ 11-30-111 Supervisory committee
§ 11-30-112 Capital
§ 11-30-113 Minors
§ 11-30-114 Rates
§ 11-30-115 Power to borrow and loan money
§ 11-30-116 Loans
§ 11-30-117 Reserves
§ 11-30-117.5 Share insurance required - confidentiality
§ 11-30-118 Dividends
§ 11-30-118.5 Preauthorized transfers - credit union must have written authorization
§ 11-30-119 Expulsion or withdrawal of members
§ 11-30-120 Suspension - liquidation - procedures
§ 11-30-120.5 Conversion - state to federal credit union - federal to state credit union
§ 11-30-121 Change in place of business
§ 11-30-122 Merger
§ 11-30-123 Taxation
§ 11-30-124 Transfer of functions
§ 11-30-125 Notice of branch opening and closing
§ 11-30-126 Trust account - limited documentation required - certificate of trust
§ 11-30-127 Merchant code for firearms
Article 35 Surety Bond Alternatives
§ 11-35-101 Alternatives to surety bonds permitted - requirements - definition - rules
§ 11-35-101.5 Irrevocable letter of credit permitted - requirements
Article 38 Reverse Mortgages
§ 11-38-101 Legislative declaration
§ 11-38-102 Definitions
§ 11-38-103 Prepayment
§ 11-38-104 Intervening liens
§ 11-38-105 Interest - periodic advances
§ 11-38-106 Lender default
§ 11-38-107 Repayment
§ 11-38-108 Inapplicability of related statutes
§ 11-38-109 Disclosure - total loan cost
§ 11-38-110 Treatment of reverse mortgage loan proceeds by public benefit programs
§ 11-38-111 Consumer information and counseling
§ 11-38-112 Application of article
Article 40 Savings and Loan Association Law
§ 11-40-101 Short title
§ 11-40-102 Definitions
§ 11-40-103 Savings and loan association defined
§ 11-40-104 Fiscal year - closing dates - net earnings
§ 11-40-105 File annual reports
§ 11-40-106 Annual fees and assessments - fund
§ 11-40-106.5 Preauthorized transfers - savings and loan association must have written authorization
§ 11-40-107 Defamation of associations - penalty
§ 11-40-108 Circulating false information - penalty
§ 11-40-109 Suits interfering with business of association
Article 41 Organization and Powers
§ 11-41-100.3 Definitions
§ 11-41-101 General organization
§ 11-41-102 Restriction on corporate name
§ 11-41-103 Use of name "savings and loan association" restricted
§ 11-41-104 Articles of incorporation
§ 11-41-105 Minimum stock subscription - issuance of preferred stock
§ 11-41-106 Approval of articles of incorporation
§ 11-41-107 Documents deposited with commissioner
§ 11-41-108 Refusal of certificate - appeal
§ 11-41-109 Certificate of approval - where articles filed
§ 11-41-110 Body corporate
§ 11-41-111 Renewal of corporate life
§ 11-41-112 Powers of savings and loan associations
§ 11-41-112.5 Savings and loan association as fiduciary
§ 11-41-113 Federal home loan bank membership
§ 11-41-114 How funds invested
§ 11-41-115 Interest rates on loans
§ 11-41-116 Where associations may operate
§ 11-41-117 Insurance of shares
§ 11-41-117.5 Insurance of obligations
§ 11-41-118 Loans - investment in notes or bonds
§ 11-41-119 Loans to members and other loans
§ 11-41-119.5 Reporting of loans
§ 11-41-120 Branches
§ 11-41-121 Merger, consolidation, and transfer
§ 11-41-122 Membership fees
§ 11-41-123 Directors and meetings
§ 11-41-124 Officers or directors to receive no commission
§ 11-41-125 Loans to officers and directors
§ 11-41-126 Bonds of officers
§ 11-41-127 Violations - penalties
§ 11-41-128 Acknowledgments
§ 11-41-129 Amendment of articles of incorporation
§ 11-41-130 Reorganization
§ 11-41-130.5 Cessation of business as an association - amendment of articles
§ 11-41-131 Dissolution
§ 11-41-132 Escheat proceedings
§ 11-41-133 Acquisition of majority control over an existing association - definitions
§ 11-41-134 Indemnification and personal liability of directors, officers, employees, and agents - legislative declaration
Article 42 Shares and Stock
§ 11-42-101 Investment and savings shares
§ 11-42-102 Preliminary requirements
§ 11-42-103 Contents of certificate - accounts
§ 11-42-104 Participating and limited dividend shares
§ 11-42-105 Responsibility for losses - extent
§ 11-42-106 Transfer of shares
§ 11-42-107 Permanent stock
§ 11-42-108 Assessment to restore impaired permanent stock
§ 11-42-109 Sale of delinquent stock
§ 11-42-110 Forfeiture of delinquent stock
§ 11-42-111 Reserves and distribution of earnings
§ 11-42-112 Requirements for sale of permanent stock
§ 11-42-113 Redemption of shares or stock
§ 11-42-114 Bonus plan
§ 11-42-115 Power to issue shares to minors or in trust
§ 11-42-116 Joint accounts
§ 11-42-117 Notice of intention to withdraw
§ 11-42-118 Form of notice
§ 11-42-119 Filing of notice
§ 11-42-120 Shares or account not withdrawable
§ 11-42-121 Payment of withdrawals
§ 11-42-122 Limitation on withdrawals
§ 11-42-123 Matured shares
§ 11-42-124 Applicable to previously issued certificates
§ 11-42-125 Associations authorized to accept deposit accounts
Article 43 Foreign Savings and Loan Associations
§ 11-43-101 Restrictions on foreign associations
Article 44 Division of Financial Services
§ 11-44-101 Division of financial services created
§ 11-44-101.4 Definitions
§ 11-44-101.5 Division subject to termination - repeal of article
§ 11-44-101.6 Financial services board - creation - penalty
§ 11-44-101.7 Powers of the financial services board
§ 11-44-101.8 Review of commissioner actions by financial services board - judicial review
§ 11-44-102 Commissioner - duties - employees
§ 11-44-103 Powers of commissioner
§ 11-44-103.5 Record retention by the commissioner
§ 11-44-104 Commissioner may delegate powers
§ 11-44-105 Commissioner may institute suits
§ 11-44-106 Issuance of subpoenas
§ 11-44-106.5 Suspension or removal of directors, officers, or employees - penalty
§ 11-44-107 Confidentiality
§ 11-44-108 Seal of commissioner
§ 11-44-109 Examination by commissioner - procedure - penalty
§ 11-44-110 Power to take possession of association
§ 11-44-110.5 Supervisory mergers
§ 11-44-111 Appeal from commissioner's action
§ 11-44-112 Appointment of commissioner as receiver - assignment for benefit of creditors prohibited
§ 11-44-113 Procedure under court order
§ 11-44-114 Noncompliance with orders - penalty
§ 11-44-115 Officers to furnish schedule of property
§ 11-44-116 Liquidation powers of commissioner
§ 11-44-117 Setoffs
§ 11-44-118 Commissioner and deputy not to accept gifts
§ 11-44-119 Association's right to resort to court
§ 11-44-120 Records of commissioner
§ 11-44-121 Commissioner may destroy records
§ 11-44-122 Waiver of membership or stockholder voting
§ 11-44-123 Assessment of civil money penalties
§ 11-44-124 Repeal of article - review of functions
Article 45 Conversion
§ 11-45-101 Conversion into federal association
§ 11-45-102 Effect of conversion
§ 11-45-103 Conversion into state association
Article 46 Safe Deposit Facilities
§ 11-46-101 Definitions
§ 11-46-102 Safe deposit boxes
§ 11-46-103 Lease to natural persons
§ 11-46-104 Leases to joint tenants
§ 11-46-105 Access by fiduciaries
§ 11-46-106 Effect of lessee's death or incompetence
§ 11-46-107 Search procedure on death
§ 11-46-108 Adverse claims to contents of safe deposit box
§ 11-46-109 Nonpayment of rent
Article 47 Protection of Deposits of Public Moneys
§ 11-47-101 Short title
§ 11-47-102 Legislative declaration
§ 11-47-103 Definitions
§ 11-47-104 Administration - powers of commissioner and financial services board
§ 11-47-105 Acceptance of provisions - designation as eligible public depository
§ 11-47-106 Minimum amount of eligible collateral required to be maintained as security for public deposits
§ 11-47-107 Eligible collateral - when required to be maintained
§ 11-47-108 Method of securing public deposits
§ 11-47-109 Where collateral held - right of substitution - income derived
§ 11-47-110 Subsequent elections upon approval of commissioner
§ 11-47-111 Reports required - when filed - contents
§ 11-47-112 Power and authority of financial services board
§ 11-47-113 Procedure when event of default occurs
§ 11-47-114 Assessments made - exceptions
§ 11-47-115 When assessments payable - procedure if not paid
§ 11-47-116 Disposition of assessments - subrogation of claims - expenses
§ 11-47-117 No impairment of obligations
§ 11-47-118 Public moneys to be deposited only in eligible public depositories - penalty for violation
§ 11-47-119 Liability of officials of governmental units
§ 11-47-120 Authority to accept deposits - acceptance of insured deposits
Article 48 Electronic Funds Transfers for Financial Institutions Other Than Banks
§ 11-48-100.3 Definitions
§ 11-48-101 Applicability
§ 11-48-102 Limitations
§ 11-48-103 Communications facility
§ 11-48-104 No operation by financial institution employees
§ 11-48-105 Sharing
§ 11-48-106 Consumer protection
§ 11-48-107 Access to automated clearinghouse
Article 49 Life Care Institutions
§ 11-49-101 Definitions
§ 11-49-102 Escrow account for entrance fees
§ 11-49-103 Withdrawal or dismissal of person - refund
§ 11-49-104 Recording of lien by commissioner
§ 11-49-105 Reserve requirements
§ 11-49-106 Annual report by providers - fee
§ 11-49-107 Examination - fees
§ 11-49-108 Rules
§ 11-49-109 Violation
§ 11-49-110 Article does not apply to facilities licensed by department of public health and environment
§ 11-49-111 Life care contract and CBCC contract - content
§ 11-49-112 Register
§ 11-49-113 Advertisements and solicitations of life care contracts and CBCC contracts - requirements
§ 11-49-114 Injunction against violations - prosecution
§ 11-49-115 Local regulations
Article 50 Colorado Uniform Transfers to Minors Act
§ 11-50-101 Short title
§ 11-50-102 Definitions
§ 11-50-103 Scope and jurisdiction
§ 11-50-104 Nomination of custodian
§ 11-50-105 Transfer by gift or exercise of power of appointment
§ 11-50-106 Transfer authorized by will or trust
§ 11-50-107 Other transfer by fiduciary
§ 11-50-108 Transfer by obligor
§ 11-50-109 Receipt for custodial property
§ 11-50-110 Manner of creating custodial property and effecting transfer - designation of initial custodian - control
§ 11-50-111 Single custodianship
§ 11-50-112 Validity and effect of transfer
§ 11-50-113 Care of custodial property
§ 11-50-114 Powers of custodian
§ 11-50-115 Use of custodial property
§ 11-50-116 Custodian's expenses, compensation, and bond
§ 11-50-117 Exemption of third person from liability
§ 11-50-118 Liability to third persons
§ 11-50-119 Renunciation, resignation, death, or removal of custodian - designation of successor custodian
§ 11-50-120 Accounting by and determination of liability of custodian
§ 11-50-121 Termination of custodianship
§ 11-50-122 Applicability
§ 11-50-123 Effect on existing custodianships
§ 11-50-124 Uniformity of application and construction
§ 11-50-125 Severability
§ 11-50-126 Prior transfers not affected
Article 51 Securities
Part 1 SHORT TITLE, PURPOSE, AND SCOPE
§ 11-51-101 Short title and purpose
§ 11-51-102 Scope of article
Part 2 DEFINITIONS AND REFERENCES TO FEDERAL STATUTES AND RULES
§ 11-51-201 Definitions
§ 11-51-201.5 Investment adviser registration depository - definition
§ 11-51-202 References to federal statutes
Part 3 REGISTRATION OF SECURITIES AND EXEMPTIONS
§ 11-51-301 Requirement for registration of securities
§ 11-51-302 General registration provisions
§ 11-51-303 Registration by coordination
§ 11-51-304 Registration by qualification
§ 11-51-304.5 Notice filing - investment companies
§ 11-51-305 Filing of sales literature
§ 11-51-306 Denial, suspension, or revocation of registration
§ 11-51-307 Exempt securities
§ 11-51-308 Exempt transactions
§ 11-51-308.5 Crowdfunding - intrastate offering of securities - online intermediaries - rules - fees - short title - legislative declaration
§ 11-51-308.7 Colorado digital token act - legislative declaration - exemptions - definitions - rules
§ 11-51-309 Discretionary exemptions
§ 11-51-310 Denial or revocation of exemptions
§ 11-51-311 Coordination of exemptions
Part 4 LICENSING AND REGULATION OF BROKER-DEALERS AND SALES REPRESENTATIVES
§ 11-51-401 Licensing and notice filing requirements
§ 11-51-402 Exempt broker-dealers, sales representatives - sanctions - exempt investment advisers, federal covered advisers, and investment adviser representatives
§ 11-51-403 Application for license - notice filing requirements
§ 11-51-404 License and notice fees
§ 11-51-405 Examinations and alternate qualifications
§ 11-51-406 General provisions
§ 11-51-407 Operating requirements
§ 11-51-408 Licensing of successor firms
§ 11-51-409 Access to records
§ 11-51-409.5 Mandatory disclosure - investment advisers and investment adviser representatives
§ 11-51-410 Denial, suspension, or revocation
§ 11-51-411 Abandonment of license
§ 11-51-412 Withdrawal
Part 5 FRAUD AND OTHER PROHIBITED CONDUCT
§ 11-51-501 Fraud and other prohibited conduct
§ 11-51-502 Misleading filings
§ 11-51-503 Unlawful representation concerning a license, registration, or exemption
Part 6 ENFORCEMENT AND CIVIL LIABILITY
§ 11-51-601 Investigations - subpoenas
§ 11-51-602 Enforcement by injunction
§ 11-51-603 Criminal penalties
§ 11-51-603.5 Concurrent enforcement by attorney general - legislative declaration
§ 11-51-604 Civil liabilities
§ 11-51-605 Burden of proof
§ 11-51-606 Conduct of proceedings - cease-and-desist orders - consent orders - summary orders - issued by securities commissioner - rules
§ 11-51-607 Judicial review of orders
Part 7 ADMINISTRATION AND FEES
§ 11-51-701 Division of securities - creation - powers and duties
§ 11-51-702 Division subject to termination
§ 11-51-702.5 Securities board - creation - duties - repeal - subject to review
§ 11-51-703 Administration of article
§ 11-51-704 Rules, forms, and orders
§ 11-51-705 Interpretive opinions
§ 11-51-706 Consent to service of process
§ 11-51-707 Collection of fees - division of securities cash fund created
§ 11-51-708 Administrative files
Part 8 EFFECTIVE DATE - REPEAL OF ARTICLE
§ 11-51-801 Effective date of article
§ 11-51-802 Savings provisions
§ 11-51-803 Repeal of article - subject to review
Part 9 LOCAL GOVERNMENT INVESTMENT POOL TRUST FUND ADMINISTRATION AND ENFORCEMENT ACT
§ 11-51-901 Short title
§ 11-51-902 General powers of securities commissioner
§ 11-51-903 Interests in local government investment pool trust fund
§ 11-51-904 Requirement for registration of local government investment pools
§ 11-51-905 General registration requirements
§ 11-51-906 Reports to securities commissioner
§ 11-51-907 Access to records
§ 11-51-908 Confidentiality of information
Part 10 PROTECT VULNERABLE ADULTS FROM FINANCIAL EXPLOITATION ACT
§ 11-51-1001 Short title
§ 11-51-1002 Definitions
§ 11-51-1003 Governmental disclosures - immunity
§ 11-51-1004 Third-party disclosures - immunity
§ 11-51-1005 Delaying disbursements - immunity
§ 11-51-1006 Immunity for nondisclosure
§ 11-51-1007 Records
§ 11-51-1008 Multiple duties to report
Article 53 Colorado Commodity Code
Part 1 REGULATION OF COMMODITY SALES - UNLAWFUL ACTIVITIES
§ 11-53-101 Short title
§ 11-53-102 Definitions
§ 11-53-103 Unlawful commodity transactions
§ 11-53-104 Exempt person transactions
§ 11-53-105 Exempt transactions
§ 11-53-106 Unlawful commodity activities
§ 11-53-107 Fraudulent conduct
§ 11-53-108 Misleading filings
§ 11-53-109 Liability of principals, controlling persons, and others
§ 11-53-110 Securities law unaffected
§ 11-53-111 Purpose
Part 2 ENFORCEMENT OF COMMODITY CODE - PENALTIES
§ 11-53-201 Investigations - subpoenas
§ 11-53-202 Enforcement - cease-and-desist orders
§ 11-53-203 Power of court to grant relief
§ 11-53-204 Criminal penalties - statute of limitations
§ 11-53-205 Administration of article
§ 11-53-206 Cooperation with other agencies
§ 11-53-207 General authority to adopt rules, forms, and orders
§ 11-53-208 Scope of article
§ 11-53-209 Pleading exemptions
§ 11-53-210 Affirmative defenses
§ 11-53-211 Interpretive opinions
Article 54 Refunding Revenue Securities Law
§ 11-54-101 Short title
§ 11-54-102 Definitions
§ 11-54-103 Refunding public securities
§ 11-54-104 Method of issuance
§ 11-54-105 Limitations upon issuance
§ 11-54-106 Use of proceeds of refunding public securities
§ 11-54-107 Payment of refunding public securities
§ 11-54-108 Combination of refunding and other public securities
§ 11-54-109 Supplemental provisions
§ 11-54-110 Governing body's determination final
§ 11-54-111 Public security provisions
§ 11-54-112 Signatures on public securities
§ 11-54-113 Covenants in authorizing ordinance
§ 11-54-114 Incontestable recital in public securities
§ 11-54-115 Cumulative and continuing rights of holders of public securities
§ 11-54-116 Construction of article
§ 11-54-117 Validation
§ 11-54-118 Effect - limitations
§ 11-54-119 Liberal construction
Article 55 Uniform Facsimile Signature of Public Officials Act
§ 11-55-101 Short title
§ 11-55-102 Definitions
§ 11-55-103 Facsimile signature
§ 11-55-104 Use of facsimile seal
§ 11-55-105 Violation - penalty
§ 11-55-106 Uniformity of interpretation
§ 11-55-107 Limitations on actions brought
§ 11-55-108 Trust or fiduciary relationship between issuer and holder
§ 11-55-109 Moneys to revert to general or other fund
§ 11-55-110 Payment authorized although suit for recovery barred
Article 56 Public Securities Refunding Act
§ 11-56-101 Short title
§ 11-56-102 Legislative declaration - applicability
§ 11-56-103 Definitions
§ 11-56-104 Purpose of refunding
§ 11-56-104.5 Disclosures by underwriters of financial matters related to refunding
§ 11-56-105 General provisions - limitations
§ 11-56-106 Refunding with bonds of another type
§ 11-56-107 Bond provisions
§ 11-56-108 Application of bond proceeds - procedures - limitations
§ 11-56-109 Proceeds of refunding bonds in escrow - investment - security - amounts
§ 11-56-110 Sources of payment - limitations
§ 11-56-111 Combination of refunding bonds and other bonds - limitations
§ 11-56-112 Special obligation refunding bonds
§ 11-56-113 Tax exemption - exceptions
§ 11-56-114 Conclusive determination of governing body that statutory limitations have been met
§ 11-56-115 Prior obligations not impaired
§ 11-56-116 Construction of this article
§ 11-56-117 Liberal construction
Article 57 Public Securities
Part 1 GENERAL
§ 11-57-101 Applicability
§ 11-57-102 Form - payment and transfer of securities
§ 11-57-103 Determination by resolution or ordinance
§ 11-57-104 No restriction on other acts
§ 11-57-105 Records - registered public obligations
Part 2 SUPPLEMENTAL PUBLIC SECURITIES ACT
§ 11-57-201 Short title
§ 11-57-202 Legislative declaration
§ 11-57-203 Definitions
§ 11-57-204 Election of applicability
§ 11-57-205 Delegation of authority
§ 11-57-206 Fixed and variable rates of interest for securities - agreement with third party for interest determinations
§ 11-57-207 Denomination, maturity, interest, and negotiability of securities - rate of interest
§ 11-57-208 Pledged revenues received or credited subject to immediate lien - priority and validity of lien
§ 11-57-209 Recourse against public entities officers and agents - acceptance of securities constitutes waiver and release
§ 11-57-210 Recital in securities conclusive evidence of validity and regularity of issuance
§ 11-57-211 Meetings aided by telecommunications devices
§ 11-57-212 Limitation of actions
§ 11-57-213 Confirmation of actions and powers
§ 11-57-214 Investments
Article 58 Public Securities Information Reporting Act
§ 11-58-101 Short title
§ 11-58-102 Legislative declaration
§ 11-58-103 Definitions
§ 11-58-104 Applicability of article
§ 11-58-105 Annual information report
§ 11-58-106 Committee to develop standards - cash fund
§ 11-58-107 Immunity from liability
§ 11-58-108 Transfer of moneys to general fund - repeal
Article 59 Colorado Municipal Bond Supervision Act
§ 11-59-101 Short title
§ 11-59-102 Legislative declaration
§ 11-59-103 Definitions
§ 11-59-104 General powers of securities commissioner
§ 11-59-105 Colorado municipal bond supervision advisory board - creation
§ 11-59-106 Requirement for registration of district bonds
§ 11-59-107 General registration provisions
§ 11-59-108 Registration of bonds
§ 11-59-109 Denial, suspension, or revocation of registration
§ 11-59-110 Exemptions from registration
§ 11-59-111 Unlawful representation concerning registration or exemption
§ 11-59-112 Misleading filing
§ 11-59-113 Investigations - subpoenas
§ 11-59-114 Enforcement by injunction
§ 11-59-115 Criminal and civil penalties and damages
§ 11-59-116 Administrative proceedings
§ 11-59-117 Judicial review of orders
§ 11-59-118 Interpretation and interpretive opinions
§ 11-59-119 Collection of fees - division of securities cash fund
§ 11-59-120 Effective date
Article 59.3 Interest Rate Exchange Agreements
§ 11-59.3-101 Legislative declaration
§ 11-59.3-102 Definitions
§ 11-59.3-103 Interest rate exchange agreements
§ 11-59.3-104 Construction of article
§ 11-59.3-105 Liberal construction
Article 59.5 No Federal Preemption Under "Secondary Mortgage Market Enhancement Act of 1984"
§ 11-59.5-101 Investments in mortgage-related securities - no federal preemption
Article 59.7 Colorado Recovery and Reinvestment Finance Act of 2009
§ 11-59.7-101 Short title
§ 11-59.7-102 Legislative declaration
§ 11-59.7-103 Definitions
§ 11-59.7-104 Stimulus obligations authorized under state law - ancillary agreements
§ 11-59.7-105 Federal tax credits - federal direct payments
§ 11-59.7-106 Qualified school construction bond volume cap - rules
§ 11-59.7-107 Qualified energy conservation bond volume cap - rules
§ 11-59.7-108 Recovery zone economic development bond volume cap - recovery zone facility bond volume cap - rules - report
§ 11-59.7-109 Qualified zone academy bond volume cap - rules
§ 11-59.7-110 Recovery and reinvestment act finance authorities
§ 11-59.7-111 Reporting requirements
§ 11-59.7-112 No limitation on powers
§ 11-59.7-113 Executive orders authorized
§ 11-59.7-113.5 Specified tax credit bonds
§ 11-59.7-114 Applicability
Article 60 U.S. Agency Obligations
§ 11-60-101 Definitions
§ 11-60-102 Debentures - legal investments - federal intermediate credit banks - bank for cooperatives
§ 11-60-103 Lawful investments - international banks
§ 11-60-104 Article controlling
Article 61 Legal Tender
§ 11-61-101 Gold and silver coin a legal tender
§ 11-61-102 Retailers' acceptance of United States currency - penalty - definitions
Article 70 Hospital and Health-Care Trusts
§ 11-70-101 Trust agreements among a group or association of physicians, dentists, or health-care institutions authorized
§ 11-70-102 Title to property of trusts - liability of trust and trustees
§ 11-70-103 Obligation of participating physicians, dentists, and hospitals limited
§ 11-70-104 Application of article
§ 11-70-105 Insurance
§ 11-70-106 Certificate of membership
§ 11-70-107 Workers' compensation
Article 71 Confidentiality of Compliance Review Documents
§ 11-71-101 Legislative declaration
§ 11-71-102 Definitions
§ 11-71-103 Applicability of article - confidentiality of compliance review committee documents - definition
Article 101 General Provisions
Part 1 SHORT TITLE AND POLICY
§ 11-101-101 Short title
§ 11-101-102 Declaration of policy
Part 2 EFFECT ON EXISTING BANKS
§ 11-101-201 Effect on existing banks
Part 3 APPLICATION
§ 11-101-301 Application of code
§ 11-101-302 No private right of action
Part 4 DEFINITIONS
§ 11-101-401 Definitions
Article 102 Division of Banking
Part 1 COMMISSIONER AND BANKING BOARD
§ 11-102-101 Division of banking - creation - repeal of article - subject to review
§ 11-102-102 Powers of commissioner
§ 11-102-103 Banking board
§ 11-102-104 Powers and duties of banking board - fees - rules
§ 11-102-105 Roles and authority of banking board and commissioner - rules - exercise of powers
§ 11-102-106 Nontraditional mortgages - consumer protections - rules - incorporation of federal interagency guidance
Part 2 PROCEEDINGS
§ 11-102-201 Hearing officers - powers - procedure - order final
§ 11-102-202 Subpoenas - witnesses - production of records
§ 11-102-203 Effect of good faith reliance on orders or rules of banking board
§ 11-102-203.5 Independent administrative review of material supervisory determinations - rules
§ 11-102-204 Court review
§ 11-102-301 Examinations and examiner's reports
§ 11-102-302 Bank reports to banking board - generally
§ 11-102-303 Bank reports to banking board - requirements for acquiring control - penalty - rules - definitions
§ 11-102-304 Commissioner's annual report - publications
§ 11-102-305 Records
§ 11-102-306 Information confidential
§ 11-102-307 Access to records
§ 11-102-308 Bank records - preservation - reproduction
Part 4 ASSESSMENTS AND FEES
§ 11-102-401 Assessments
§ 11-102-402 Administrative fees
§ 11-102-403 Division of banking cash fund - creation
Part 5 CONFLICTS OF INTEREST, PENALTIES, REMOVAL, SUSPENSION, ENFORCEMENT
§ 11-102-501 Banking interests of officers and employees - violation
§ 11-102-502 Exemption from liability - when
§ 11-102-503 Assessment of civil money penalties by banking board
§ 11-102-504 No indemnification or insurance against civil money penalties
§ 11-102-505 Removal of director, officer, or other person
§ 11-102-506 Suspension of director, officer, or other person
§ 11-102-507 Informal enforcement authority
§ 11-102-508 Statements derogatory to state banks - penalty
Article 103 Organization and Corporate Functions
Part 1 GENERAL CORPORATE POWERS
§ 11-103-101 General corporate powers
§ 11-103-102 Trust, fiduciary, and agency powers - when authorized
§ 11-103-103 State bank organized as a limited liability company
Part 2 CAPITAL REQUIREMENTS
§ 11-103-201 Capital
§ 11-103-202 Inadequacy of capital - assessments
§ 11-103-203 Liability of shareholders
Part 3 CHARTERING A STATE BANK
§ 11-103-301 Incorporators
§ 11-103-302 Application fees
§ 11-103-303 Application for de novo charter or charter conversion
§ 11-103-304 Procedure for granting or denying charter
Part 4 SHARES AND DISTRIBUTIONS
§ 11-103-401 Subscription calls
§ 11-103-402 First meetings of stockholders - director's oath - bylaws
§ 11-103-403 Stockholders' meetings - voting trusts - preemptive right - transfer of stock - rules
§ 11-103-404 Waiver of notice - meeting or vote
§ 11-103-405 Amendment of articles - change of location - authorized but unissued stock
§ 11-103-406 Dividends - when payable
Part 5 DIRECTORS AND OFFICERS
§ 11-103-501 Directors and officers
§ 11-103-502 Directors' meetings - duties
§ 11-103-503 Waiver of notice - meeting or vote
Part 6 INDEMNIFICATION AND INSURANCE
§ 11-103-601 Director and officer insurance and fidelity bonds - legislative declaration
§ 11-103-602 Indemnification and personal liability of directors, officers, employees, and agents
§ 11-103-603 Deposit insurance - membership in federal reserve system - federal national mortgage association
Part 7 MERGER, CONSOLIDATION, CONVERSION, AND SALE OF ASSETS
§ 11-103-701 Merger or conversion
§ 11-103-702 Approval of merger by directors
§ 11-103-703 Approval by banking board
§ 11-103-704 Approval by stockholders - rights of dissenters
§ 11-103-705 Effective date of merger - certificate
§ 11-103-706 Continuation of corporate entity
§ 11-103-707 Conversion from state bank to national and vice versa
§ 11-103-708 Nonconforming assets
§ 11-103-709 Sale of all assets of bank, branch, or department
Part 8 LIQUIDATION, DISSOLUTION, AND REORGANIZATION
§ 11-103-801 Voluntary liquidation and dissolution
§ 11-103-802 Involuntary liquidation by banking board - reorganization
§ 11-103-803 Reorganization plan
§ 11-103-804 Liquidation by commissioner - procedure
§ 11-103-805 Federal deposit insurance corporation or successor as liquidator
§ 11-103-806 Assets sold or pledged as security
§ 11-103-807 Enforcement of directors' liability
§ 11-103-808 Emergency grant of new charter
§ 11-103-809 Emergency grant of branch facility - legislative declaration
§ 11-103-810 Preapproved shelf charter
Article 104 Holding Companies
Part 1 HOLDING COMPANIES GENERALLY
§ 11-104-101 Prohibition on acquisition or control - limited service banking institutions
Part 2 ACQUISITION OF CONTROL OF BANKS AND BANK HOLDING COMPANIES
§ 11-104-201 Legislative declaration
§ 11-104-202 Acquisition of control of bank holding companies and banks by bank holding companies in different states - interstate banking and branching - rules
§ 11-104-203 Authority of banking board to enforce provisions of article
Article 105 Banking Practices
Part 1 GENERAL PROVISIONS
§ 11-105-101 Branch banks and practices prohibited
§ 11-105-102 Accounts and interest
§ 11-105-103 Saturday closing - notice - effect
§ 11-105-104 Minor or institutional deposits
§ 11-105-105 Joint deposits - right of survivor
§ 11-105-106 Final adjustment - statement of account
§ 11-105-107 Adverse claim deposits
§ 11-105-108 Transmitting money - foreign exchange
§ 11-105-109 Temporary closing of banks - when
§ 11-105-110 Disclosure of information pursuant to legal process
§ 11-105-111 Trust account - limited documentation required - certificate of trust
§ 11-105-112 Entity account - certificate of existence and authority - definitions
Part 2 ELECTRONIC FUNDS TRANSFERS
§ 11-105-201 Short title
§ 11-105-202 Legislative declaration
§ 11-105-203 Conditions of authority
§ 11-105-204 Conditions for retailers
§ 11-105-205 Powers of the banking board
§ 11-105-206 Jurisdiction of the district court
§ 11-105-207 Fees
§ 11-105-208 Consumer protection
§ 11-105-209 Permissive sharing among dissimilar institutions
§ 11-105-210 No operation by bank employees
§ 11-105-211 Merchant code for firearms
Part 3 RESERVES, LOANS, AND INVESTMENTS
§ 11-105-301 Reserves against deposits
§ 11-105-302 Loans, acceptances, investments, and letters of credit
§ 11-105-303 Corporate powers - interest and charges
§ 11-105-304 Bank investments - customers' orders
§ 11-105-305 Acceptances - letters of credit
Part 4 PROPERTY, SALES, BORROWING, AND SIGNATURE GUARANTY
§ 11-105-401 Acquisition of property to satisfy indebtedness
§ 11-105-402 Banking property - acquisition
§ 11-105-403 Sale of assets
§ 11-105-404 Pledge of assets
§ 11-105-405 Signature guaranty
Part 5 SAFE DEPOSIT AND SAFEKEEPING FACILITIES
§ 11-105-501 Safe deposit boxes - leasing and subsidiary company
§ 11-105-502 Access by fiduciaries
§ 11-105-503 Lease to minor
§ 11-105-504 Death of lessee - procedure
§ 11-105-505 Adverse claims to safe deposit box
§ 11-105-506 Annual fees
Part 6 FINANCIAL INSTITUTIONS, OPERATION OF BRANCHES, ORGANIZATIONAL AND OPERATIONAL EQUALITY
§ 11-105-601 Legislative declaration
§ 11-105-602 Financial branches allowed - conversion of financial institutions to branches - acquisitions
§ 11-105-603 Financial institutions - common powers and limitations
§ 11-105-604 Subsidiary depository institutions as agent
§ 11-105-605 Rule-making by banking board and financial services board
§ 11-105-606 Notice of branch closing
Article 106 Fiduciary Business
§ 11-106-101 Bank as fiduciary
§ 11-106-102 Investment power
§ 11-106-103 General fiduciary powers
§ 11-106-104 Agency powers
§ 11-106-105 Substitution of Colorado bank or Colorado trust company
§ 11-106-106 Investment in securities
§ 11-106-107 Funds awaiting investment or distribution
Article 107 Criminal Offenses
§ 11-107-101 Unauthorized conduct of banking business
§ 11-107-102 Receipt of deposits while insolvent
§ 11-107-103 Unlawful service as officer or director
§ 11-107-104 Unlawful gratuity, compensation, or transactions
§ 11-107-105 Unlawful concealment of transactions
§ 11-107-106 Unlawful payment of penalties and judgment against others
§ 11-107-107 Embezzlement or misapplication of funds
§ 11-107-108 Unlawful acts or omissions - penalties
§ 11-107-109 Unlawful acts or failure to perform - penalty
§ 11-107-110 Injunction
§ 11-107-111 General corporation laws applicable
Article 109 Trust Companies
Part 1 GENERAL PROVISIONS
§ 11-109-101 Definitions
§ 11-109-102 Use of words "trust" or "trust company"
§ 11-109-103 Applicability of powers of banking board and bank commissioner to trust companies
§ 11-109-104 Powers - banking board - commissioner
§ 11-109-105 No private right of action
Part 2 POWERS
§ 11-109-201 Powers of trust companies
§ 11-109-202 Offices of trust companies
§ 11-109-203 Activities not requiring a charter
§ 11-109-204 Federal deposit insurance required
§ 11-109-205 Transactions with affiliates
§ 11-109-206 Trust company organized as a limited liability company
Part 3 CHARTERS
§ 11-109-301 Incorporators
§ 11-109-302 Application fee
§ 11-109-303 Assessments
§ 11-109-304 Capital
§ 11-109-305 Application for charter
§ 11-109-306 Procedure for granting or denying charter
§ 11-109-401 Acquisition of majority control over an existing trust company - definitions
§ 11-109-402 Reports to the banking board and to the commissioner - penalty - rules
Part 5 DIRECTORS
§ 11-109-501 Directors' meetings - duties
§ 11-109-502 Director and officer insurance and fidelity bonds - legislative declaration
Part 6 OFFENSES, PENALTIES, REMOVAL, SUSPENSION, AND ENFORCEMENT
§ 11-109-601 Penalty for noncompliance with the law
§ 11-109-602 Assessment of civil money penalties by banking board
§ 11-109-603 No indemnification or insurance against civil money penalties
§ 11-109-604 Removal of director, officer, or other person
§ 11-109-605 Suspension of director, officer, or other person
§ 11-109-606 Informal enforcement authority
§ 11-109-607 Receipt of deposits while insolvent
Part 7 LIQUIDATION, DISSOLUTION, AND EMERGENCY CHARTERS
§ 11-109-701 Discontinuance of trust business - voluntary liquidation and dissolution
§ 11-109-702 Involuntary liquidation
§ 11-109-703 Emergency grant of new charter
§ 11-109-704 Liquidation by commissioner - procedure
Part 8 APPEALS
§ 11-109-801 Appeals procedure
§ 11-109-802 Injunctions - appeals
Part 9 TRUST PRACTICES
§ 11-109-901 Reserves against deposits
§ 11-109-902 Investments
§ 11-109-903 Substitution of trust companies
§ 11-109-904 Laws governing individuals apply
§ 11-109-905 Separation of fiduciary funds
§ 11-109-906 Funds awaiting investment or distribution
§ 11-109-907 Extensions of credit
§ 11-109-908 Fiduciary accounts - duties of trust companies - rules
Article 110 Money Transmitters
Part 1 SHORT TITLE AND LEGISLATIVE DECLARATION
§ 11-110-101 Short title
§ 11-110-102 Legislative declaration
Part 2 DEFINITIONS
§ 11-110-201 Definitions - rules
Part 3 EXEMPTIONS
§ 11-110-301 Exemptions
§ 11-110-302 Authority to require demonstration of exemption
Part 4 IMPLEMENTATION, CONFIDENTIALITY, SUPERVISION, AND RELATIONSHIP TO FEDERAL LAW
§ 11-110-401 Implementation - rules
§ 11-110-402 Confidentiality
§ 11-110-403 Supervision
§ 11-110-404 Networked supervision
§ 11-110-405 Relationship to federal law - interpretative guidance
Part 5 MONEY TRANSMISSION LICENSES
§ 11-110-501 License required
§ 11-110-502 Consistent state licensing - rules
§ 11-110-503 Application for license - license fee - rules
§ 11-110-504 Information requirements for certain individuals - background check - name-based judicial record check
§ 11-110-505 Issuance of license - investigation of financial condition - initial license term - denial - appeal
§ 11-110-506 Renewal of license - annual fee - renewal report
§ 11-110-507 Maintenance of license - suspension and revocation
Part 6 ACQUISITION OF CONTROL AND CHANGE OF KEY INDIVIDUAL
§ 11-110-601 Acquisition of control - application - fee - investigation of financial condition - denial - appeal - exemptions
§ 11-110-602 Notice and information requirements for a change of key individuals
Part 7 REPORTING AND RECORDS
§ 11-110-701 Report of condition
§ 11-110-702 Audited financials
§ 11-110-703 Authorized delegate reporting
§ 11-110-704 Reports of certain events
§ 11-110-705 Bank secrecy act reports
§ 11-110-706 Records - rules
Part 8 AUTHORIZED DELEGATES
§ 11-110-801 Relationship between licensee and authorized delegate - written policies and procedures required - background investigation - definition
§ 11-110-802 Unauthorized activities - joint and several liability
Part 9 TIMELY TRANSMISSION, REFUNDS, AND DISCLOSURES
§ 11-110-901 Timely transmission
§ 11-110-902 Refunds
§ 11-110-903 Receipts - definition
§ 11-110-904 Notice
§ 11-110-905 Disclosures for payroll processing services
Part 10 PRUDENTIAL STANDARDS
§ 11-110-1001 Net worth
§ 11-110-1002 Surety bond
§ 11-110-1003 Maintenance of permissible investments - statutory trust - rules
§ 11-110-1004 Types of permissible investments - rules
Part 11 ENFORCEMENT AND JUDICIAL REVIEW
§ 11-110-1101 Suspension and revocation of license
§ 11-110-1102 Suspension and revocation of authorized delegates
§ 11-110-1103 Orders to cease and desist
§ 11-110-1104 Consent orders
§ 11-110-1105 Criminal penalties
§ 11-110-1106 Civil penalties
§ 11-110-1107 Unlicensed persons
§ 11-110-1108 Judicial review
Part 12 MISCELLANEOUS PROVISIONS
§ 11-110-1201 Uniformity of application and construction
§ 11-110-1202 Severability
§ 11-110-1203 Repeal of article - review of functions
Article 111 Uniform Special Deposits Act
§ 11-111-101 Short title
§ 11-111-102 Definitions
§ 11-111-103 Scope - choice of law - forum
§ 11-111-104 Variation by agreement or amendment
§ 11-111-105 Requirements for special deposit
§ 11-111-106 Permissible purpose
§ 11-111-107 Payment to beneficiary by bank
§ 11-111-108 Property interest of depositor or beneficiary
§ 11-111-109 When creditor process enforceable against bank
§ 11-111-110 Injunction or similar relief
§ 11-111-111 Recoupment or set off
§ 11-111-112 Duties and liability of bank
§ 11-111-113 Term and termination
§ 11-111-114 Principles of law and equity
§ 11-111-115 Uniformity of application and construction
§ 11-111-116 Transitional provision
Article 112 Colorado Vending of Digital Assets
§ 11-112-101 Short title
§ 11-112-102 Definitions
§ 11-112-103 Virtual currency kiosks - disclosures - receipts - daily limit - cancellation and refund
Article 113 Adults' Security and Safeguards from Exploitation in Transactions Act
§ 11-113-101 Short title
§ 11-113-102 Definitions
§ 11-113-103 Disclosures to governmental agencies - immunity
§ 11-113-104 Disclosures to third parties - immunity
§ 11-113-105 Delaying disbursements - immunity
§ 11-113-106 Immunity for reasonable good faith omissions
§ 11-113-107 Records
§ 11-113-108 Multiple duties to report
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