Colorado § 11-101-301 Application of code

Colorado Statutes

§ 11-101-301 — Application of code

Colorado·Title 11 Financial·Art. General Provisions

(1)This code governs the incorporation, organization, corporate functions, merger, consolidation, purchase and assumption, sale of assets, liquidation, dissolution, and reorganization procedures of corporations operating as banks (whether or not, as a part of and in conjunction with such operations, they engage in the trust or safe deposit business) in the state of Colorado; but articles 10.5 and 101 to 107 of this title only apply to trust companies organized and operating under article 109 of this title when specifically provided in articles 10.5 and 101 to 109 of this title, and article 109 of this title otherwise governs exclusively trust companies.

(2)(a) (I) The regulation of banking is a matter of statewide concern, and in order to maintain a uniform statewide system of

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(1) This code governs the incorporation,
organization, corporate functions, merger, consolidation, purchase and assumption,
sale of assets, liquidation, dissolution, and reorganization procedures of
corporations operating as banks (whether or not, as a part of and in conjunction
with such operations, they engage in the trust or safe deposit business) in the state
of Colorado; but articles 10.5 and 101 to 107 of this title only apply to trust
companies organized and operating under article 109 of this title when specifically
provided in articles 10.5 and 101 to 109 of this title, and article 109 of this title
otherwise governs exclusively trust companies.

(2) (a) (I) The regulation of banking is a matter of statewide concern, and in
order to maintain a uniform statewide system of banking and bank regulatory policy
in Colorado, the regulation by a political subdivision of deposits, lending, or other
services or products provided by banks in accordance with applicable state or
federal law shall be prohibited except to the extent expressly permitted under
article 10.5 of this title.

(II) Nothing in this subsection (2) shall preclude a political subdivision from
enacting and enforcing laws or rules of general applicability concerning public
health, safety, or welfare.

(b) For the purposes of this section, political subdivision means and
includes every county, city and county, city, town, school district, special district,
and housing authority within the state.

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Legislative History

Source: L. 2003: Entire article added with relocations, p. 1052, � 3, effective July 1. L. 2013: (1) amended, (SB 13-154), ch. 282, p. 1472, � 32, effective July 1.