Colorado Statutes
§ 11-103-406 — Dividends - when payable
The board of directors of a state
bank may declare dividends from retained earnings and from other components of
capital specifically approved by the banking board so long as the declaration is
made in compliance with the rules established by the banking board.
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Legislative History
Source: L. 2003: Entire article added with relocations, p. 1090, � 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