Colorado § 11-105-501 Safe deposit boxes - leasing and subsidiary company

Colorado Statutes

§ 11-105-501 — Safe deposit boxes - leasing and subsidiary company

Colorado § 11-105-501

Title 11Financial

Art.Banking Practices

This text of Colorado § 11-105-501 (Safe deposit boxes - leasing and subsidiary company) 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. § 11-105-501 (2026).

Text

(1)Subject to such rules as the banking board may prescribe, a bank may maintain and lease safe deposit boxes and may accept property for safekeeping if, except in the case of night depositories, it issues a receipt therefor.

(2)A bank may own stock in a safe deposit company located in the same community in which the bank is doing business, not exceeding in aggregate cost fifteen percent of its capital and surplus, but at least ninety percent of the stock in such safe deposit company in which such stock is so owned must be owned by banks or trust companies.

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(1)
Subject to such rules as the banking board may prescribe, a bank may maintain and
lease safe deposit boxes and may accept property for safekeeping if, except in the
case of night depositories, it issues a receipt therefor.

(2) A bank may own stock in a safe deposit company located in the same
community in which the bank is doing business, not exceeding in aggregate cost
fifteen percent of its capital and surplus, but at least ninety percent of the stock in
such safe deposit company in which such stock is so owned must be owned by
banks or trust companies.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1126, � 3, effective July 1. L. 2009: (1) amended, (HB 09-1053), ch. 159, p. 689, � 8, effective August 5.