§ 11-102-302 — Bank reports to banking board - generally

Colorado § 11-102-302

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Division of Banking

Text

(1) Every state bank
shall make and file with the banking board not less than three reports during each
calendar year according to the form that may be prescribed by the banking board,
verified by the oath of either the president, the vice-president, the cashier, or the
secretary and attested by the signature of three or more of the directors. Each such
report shall exhibit in detail, as may be required by the banking board, the
resources and liabilities of the state bank at the close of business on the date
specified by the banking board.

(2) Said reports shall be transmitted to the banking board within thirty days
after its request.

(3) The banking board has power to call for special reports from any
particular state bank if, in the banking board's judgment, the special reports are
necessary to establish a full and complete knowledge of the state bank's condition.
No such special report, nor any summary of a special report, shall be required to be
published. The reports required by, and filed pursuant to, this section shall be in lieu
of all others required by law from state banks. Every state bank that fails to comply
with this section shall pay to the banking board a penalty in an amount set by the
banking board pursuant to section 11-102-104 (11). The banking board, for valid
reasons and good cause, may waive such penalty.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1069, � 3, effective July 1.