Colorado § 11-109-607 Receipt of deposits while insolvent

Colorado Statutes

§ 11-109-607 — Receipt of deposits while insolvent

Colorado § 11-109-607

Title 11Financial

Art.Trust Companies

This text of Colorado § 11-109-607 (Receipt of deposits while insolvent) 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. § 11-109-607 (2026).

Text

It is a criminal offense if a
trust company 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, and if such trust company or person has knowingly
concealed or misstated material facts regarding the insolvency of the trust
company from or to the banking board, commissioner, or division of banking.

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It is a criminal offense if a
trust company 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, and if such trust company or person has knowingly
concealed or misstated material facts regarding the insolvency of the trust
company from or to the banking board, commissioner, or division of banking.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1196, � 3, effective July 1. L. 2024: Entire section amended, (HB 24-1351), ch. 461, p. 3208, � 37, effective August 7.