Colorado Statutes
§ 11-105-303 — Corporate powers - interest and charges
In addition to the
general corporate powers granted by this code, a state bank has the power, subject
to the limitations and restrictions imposed by this code and the rules of the banking
board, to lend money either upon the security of real property or personal property,
or otherwise; to charge, or to receive in advance, interest therefor; and to contract
for a charge for a secured or unsecured installment loan.
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Legislative History
Source: L. 2003: Entire article added with relocations, p. 1121, � 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