Colorado § 11-109-606 Informal enforcement authority

Colorado Statutes

§ 11-109-606 — Informal enforcement authority

Colorado § 11-109-606

Title 11Financial

Art.Trust Companies

This text of Colorado § 11-109-606 (Informal enforcement authority) 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. § 11-109-606 (2026).

Text

The banking board, or the
commissioner if so authorized by the banking board, shall have authority to initiate
informal actions to enforce the provisions of this article. In this regard the banking
board or the commissioner may, in its or the commissioner's discretion, enter into
written agreements such as a memorandum of understanding with, or an informal
commitment letter from, or a strongly worded letter of reprimand to any trust
company or any executive officer, director, employee, agent, or other person
participating in the conduct of the affairs of the trust company.

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The banking board, or the
commissioner if so authorized by the banking board, shall have authority to initiate
informal actions to enforce the provisions of this article. In this regard the banking
board or the commissioner may, in its or the commissioner's discretion, enter into
written agreements such as a memorandum of understanding with, or an informal
commitment letter from, or a strongly worded letter of reprimand to any trust
company or any executive officer, director, employee, agent, or other person
participating in the conduct of the affairs of the trust company.