§ 8-70-105 — Banks as instrumentalities of United States

Colorado § 8-70-105

• Jurisdiction: Colorado
• Title 08: Labor and
• Art.: Definitions - General Provisions

Text

(1) For all purposes
of articles 70 to 82 of this title and in conformity with federal laws, national banks
doing business in Colorado and state bank members of the federal reserve system
shall be deemed and held to be instrumentalities of the United States, as referred
to in articles 70 to 82 of this title.

(2) Banks doing a commercial banking business in Colorado and maintaining
an account with the federal reserve bank or with a member of the federal reserve
system, for the purposes of articles 70 to 82 of this title, shall not be deemed to be
instrumentalities of the United States.

Legislative History

Source: L. 41: p. 287, �� 1, 2. CSA: C. 167A, � 23. CRS 53: � 82-1-5. C.R.S. 1963: � 82-1-5.