Colorado § 11-105-404 Pledge of assets

Colorado Statutes

§ 11-105-404 — Pledge of assets

Colorado § 11-105-404

Title 11Financial

Art.Banking Practices

This text of Colorado § 11-105-404 (Pledge of assets) 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. § 11-105-404 (2026).

Text

(1)A state bank may pledge its assets to:

(a)Enable it to act as agent for the sale of obligations of the United States;

(b)Secure borrowed funds;

(c)Secure deposits if:

(I)The depositor is required to obtain such security by the laws of the United States, by the terms of any interstate compact, by the laws of any state, or by the order of a court of competent jurisdiction; or

(II)The state bank secures the deposit with a letter of credit issued or confirmed by a federal home loan bank; or

(d)Otherwise comply with the provisions of this code.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A state bank may pledge its assets to:

(a) Enable it to act as agent for the sale of obligations of the United States;

(b) Secure borrowed funds;

(c) Secure deposits if:

(I) The depositor is required to obtain such security by the laws of the United
States, by the terms of any interstate compact, by the laws of any state, or by the
order of a court of competent jurisdiction; or

(II) The state bank secures the deposit with a letter of credit issued or
confirmed by a federal home loan bank; or

(d) Otherwise comply with the provisions of this code.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1125, � 3, effective July 1. L. 2009: (1)(c) amended, (HB 09-1053), ch. 159, p. 689, � 7, effective August 5.