Colorado § 11-107-102 Receipt of deposits while insolvent

Colorado Statutes

§ 11-107-102 — Receipt of deposits while insolvent

Colorado·Title 11 Financial·Art. Criminal Offenses

It is a criminal offense if a
state bank receives any deposit while insolvent or an officer, director, or employee
knows or, in the proper performance of the officer's, director's, or employee's duty,
should know of such insolvency and receives or authorizes the receipt of such
deposit or if such state bank or person has knowingly concealed or misstated
material facts regarding the insolvency of the state bank from or to the banking
board, commissioner, or division of banking.

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It is a criminal offense if a
state bank receives any deposit while insolvent or an officer, director, or employee
knows or, in the proper performance of the officer's, director's, or employee's duty,
should know of such insolvency and receives or authorizes the receipt of such
deposit or if such state bank or person has knowingly concealed or misstated
material facts regarding the insolvency of the state bank from or to the banking
board, commissioner, or division of banking.

Colorado § 11-107-102 (Receipt of deposits while insolvent) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1135, � 3, effective July 1. L. 2024: Entire section amended, (HB 24-1351), ch. 461, p. 3206, � 31, effective August 7.