Colorado Statutes
§ 11-103-708 — Nonconforming assets
If a constituent bank has assets that do
not conform to the requirements of state law for the resulting bank, or if a
converting national bank has assets that do not conform to the requirements of a
state law for the converted state bank, or if, in either case, there are business
activities that are not permitted for the resulting or converted state bank, the
banking board may permit a reasonable time to conform with state law.
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Legislative History
Source: L. 2003: Entire article added with relocations, p. 1098, � 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