Colorado § 11-103-301 Incorporators

Colorado Statutes

§ 11-103-301 — Incorporators

Colorado·Title 11 Financial·Art. Organization and

Five or more individual incorporators of a de novo
bank or organizers of a converting bank desiring to organize or convert to a state
bank must file with the banking board an application for charter on the form
prescribed therefor and together with all other documents required by section 11-103-303, all of which instruments shall be duly signed by each of the incorporators
or organizers and sworn to before an officer authorized by the laws of this state to
administer oaths. A majority of the incorporators must be residents of the state and
citizens of the United States. Each incorporator of a de novo bank shall, prior to the
filing of said application, subscribe and pay in full in cash for stock having a par
value of not less than one percent of the minimum capital and paid-in surp

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Five or more individual incorporators of a de novo
bank or organizers of a converting bank desiring to organize or convert to a state
bank must file with the banking board an application for charter on the form
prescribed therefor and together with all other documents required by section 11-103-303, all of which instruments shall be duly signed by each of the incorporators
or organizers and sworn to before an officer authorized by the laws of this state to
administer oaths. A majority of the incorporators must be residents of the state and
citizens of the United States. Each incorporator of a de novo bank shall, prior to the
filing of said application, subscribe and pay in full in cash for stock having a par
value of not less than one percent of the minimum capital and paid-in surplus
requirements.

Colorado § 11-103-301 (Incorporators) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1084, � 3, effective July 1. L. 2013: Entire section amended, (SB 13-154), ch. 282, p. 1477, � 40, effective July 1. L. 2024: Entire section amended, (HB 24-1351), ch. 461, p. 3202, � 18, effective August 7.