Colorado Statutes
§ 11-102-504 — No indemnification or insurance against civil money penalties
Notwithstanding any other provision of law, no state bank shall indemnify or insure
any executive officer, director, employee, agent, or person participating in the
conduct of affairs of such bank against civil money penalties.
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Legislative History
Source: L. 2003: Entire article added with relocations, p. 1078, � 3, effective
July 1.
Nearby Sections
15
§ 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§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action