Colorado § 11-104-203 Authority of banking board to enforce provisions of article

Colorado Statutes

§ 11-104-203 — Authority of banking board to enforce provisions of article

Colorado § 11-104-203

Title 11Financial

Art.Holding Companies

This text of Colorado § 11-104-203 (Authority of banking board to enforce provisions of article) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 11-104-203 (2026).

Text

(1)Any bank holding company controlling any other bank holding company or bank pursuant to this code in this state is, for purposes of enforcing this article, subject to the jurisdiction of the banking board with respect to its operations and affairs in the state of Colorado. The banking board may utilize the applicable powers conferred by this code and the Public Deposit Protection Act, article 10.5 of this title, to carry out the duties imposed by this section.

(2)The banking board shall have the authority to examine the records and affairs of any bank holding company filing an application to acquire control of a Colorado bank or Colorado bank holding company pursuant to this article. The banking board shall have the power to subpoena witnesses, compel their attendance, req

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(1)
Any bank holding company controlling any other bank holding company or bank
pursuant to this code in this state is, for purposes of enforcing this article, subject
to the jurisdiction of the banking board with respect to its operations and affairs in
the state of Colorado. The banking board may utilize the applicable powers
conferred by this code and the Public Deposit Protection Act, article 10.5 of this
title, to carry out the duties imposed by this section.

(2) The banking board shall have the authority to examine the records and
affairs of any bank holding company filing an application to acquire control of a
Colorado bank or Colorado bank holding company pursuant to this article. The
banking board shall have the power to subpoena witnesses, compel their
attendance, require the production of evidence, administer an oath, and examine
any person under oath in connection with any subject relating to a duty imposed
upon, or power vested in, the banking board pursuant to this section. In case of a
refusal of any person to comply with a lawful subpoena or order of the banking
board issued pursuant to this section, upon proper petition by the banking board to
the district court, the court shall require compliance therewith, and further refusal
shall be punishable as contempt of court.

(3) The banking board may, after notice and hearing pursuant to article 4 of
title 24, C.R.S., order any person to cease and desist from violating any provision of
this article.

(4) The banking board may, after notice and hearing pursuant to article 4 of
title 24, C.R.S., order any bank holding company controlling any other bank holding
company or any bank in this state in violation of the provisions of this article to
divest its interest in any such bank holding company or bank.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1111, � 3, effective July 1. L. 2013: (1) amended, (SB 13-154), ch. 282, p. 1482, � 47, effective July 1.