Colorado § 11-104-201 Legislative declaration

Colorado Statutes

§ 11-104-201 — Legislative declaration

Colorado·Title 11 Financial·Art. Holding Companies

(1)The general assembly finds, determines, and declares that, in authorizing expansion of interstate banking to this state, primary consideration should be given to providing positive benefits for the people of this state; to affording protection to bank depositors in this state; to enhancing the opportunity of the people of this state to receive services provided by banks and bank holding companies; and to setting forth the standards under which out-of-state bank holding companies may acquire or control Colorado banks and bank holding companies.

(2)In order to comply with the considerations set forth in subsection (1) of this section with respect to interstate branch banking, the general assembly finds and declares that de novo interstate branching into or out of this state is

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(1) The general assembly finds,
determines, and declares that, in authorizing expansion of interstate banking to this
state, primary consideration should be given to providing positive benefits for the
people of this state; to affording protection to bank depositors in this state; to
enhancing the opportunity of the people of this state to receive services provided
by banks and bank holding companies; and to setting forth the standards under
which out-of-state bank holding companies may acquire or control Colorado banks
and bank holding companies.

(2) In order to comply with the considerations set forth in subsection (1) of
this section with respect to interstate branch banking, the general assembly finds
and declares that de novo interstate branching into or out of this state is expressly
authorized on or after July 1, 2013, and that interstate branching through the
acquisition of one or more branches of an insured financial institution in this state or
another state is expressly authorized on or after July 1, 2013.

Colorado § 11-104-201 (Legislative declaration) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1109, � 3, effective July 1. L. 2013: (2) amended, (SB 13-154), ch. 282, p. 1465, � 10, effective July 1.