Colorado Statutes
§ 11-103-401 — Subscription calls
After a de novo charter has been granted,
the directors may call for the payment of the subscriptions in full within thirty days
after the date of the notice that the charter has been granted. The bank shall not
issue any shares until the bank has paid in full, in cash, the par value and the pro
rata portion of the paid-in surplus specified in the de novo charter.
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Legislative History
Source: L. 2003: Entire article added with relocations, p. 1088, � 3, effective
July 1. L. 2013: Entire section amended, (SB 13-154), ch. 282, p. 1480, � 43, 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