Colorado Statutes
§ 11-109-607 — Receipt of deposits while insolvent
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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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.
Nearby Sections
15
§ 11-10.5-101
Short title§ 11-10.5-102
Legislative declaration§ 11-10.5-103
Definitions§ 11-10.5-104
Applicability of article§ 11-10.5-105
Authority of banking board§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action