§ 18-5-210 — Receiving deposits in a failing financial institution

A person
commits a class 6 felony if, as an officer, manager, or other person participating in
the direction of a financial institution, he knowingly receives or permits the receipt
of a deposit or investment, knowing that the institution is insolvent. A financial
institution is insolvent within the meaning of this section when from any cause it is
unable to pay its obligations in the ordinary or usual course of business or its
liabilities exceed its assets.

Legislative History

Source: L. 71: R&RE, p. 441, � 1. C.R.S. 1963: � 40-5-210. L. 89: Entire section amended, p. 835, � 58, effective July 1.