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Colorado Banking Code > GENERAL PROVISIONS
Short Summary
The provided legal document content pertains to the Colorado Banking Code, specifically Articles 101 to 109 and article 10.5 of the Colorado Revised Statutes. The code governs the business of all state banks in Colorado and aims to protect the public interest. The policy of the state of Colorado is to supervise and regulate state banks in a manner that preserves and promotes sound and constructive competition among financial services institutions, a dual federal and state banking system, the security of deposits, the safe and sound conduct of the business of state banks, and a statewide safe and sound banking system. The policy also seeks regulatory coordination and cooperation, regulatory parity among financial services institutions, and encourages diversity in financial products and services. The document does not mention any specific exemptions or penalties for non-compliance or violation of the Colorado Banking Code. The provided legal document states that the charters of state banks organized and existing prior to July 1, 2013, under the laws of Colorado continue to be in full force and effect. It further states that all such state banks, as well as banks chartered under the laws of another state and national banks doing business in Colorado on or after July 1, 2013, are subject to this article from that date. The document also mentions that any state bank can be deemed to have recognized its subjectivity to this article by filing an application for an amendment of its charter or for various transactions. The document does not specify any exemptions or penalties related to its provisions. The Colorado Banking Code governs the incorporation, organization, corporate functions, merger, consolidation, purchase and assumption, sale of assets, liquidation, dissolution, and reorganization procedures of corporations operating as banks in the state of Colorado. However, articles 10.5 and 101 to 107 of this title only apply to trust companies organized and operating under article 109 of this title when specifically provided in articles 10.5 and 101 to 109 of this title. Otherwise, article 109 of this title exclusively governs trust companies. There are no specific penalties mentioned in this document. The provided legal document content is a section of the Colorado Banking Code that contains definitions for various terms used in the code. It applies to individuals and entities involved in banking transactions in Colorado. The definitions cover terms such as ‘account holder’, ‘account overline’, ‘affiliate’, ‘bank’, ‘bank holding company’, ‘banking board’, ‘banking transactions’, ‘branch’, ‘capital and surplus’, ‘Colorado affiliate’, ‘Colorado bank’, ‘Colorado bank holding company’, ‘Colorado financial institution’, ‘Colorado trust company’, ‘commercial activities’, ‘commissioner’, ‘communications facility’, ‘community’, ‘company’, ‘constituent bank’, ‘continuing bank’, ‘control’, ‘converted bank’, ‘converting bank’, ‘court’, ‘credit card national bank’, ‘de novo bank’, ‘de novo branch’, ‘deposit production office’, ‘depositor’, ‘division’, ’executive officer’, ‘federal bank holding company act’, ‘fiduciary’, ‘fiduciary business’, ‘financial institution’, ‘foreign bank’, ‘foreign nation’, ‘good faith’, ‘home state’, ‘interested party’, ‘investment discretionary authority’, ‘item’, ’lessee’, ’lessor’, ‘merger’, ‘merging bank’, ’national bank’, ‘officer’, ‘operations are principally conducted’, ‘order’, ‘out-of-state bank’, ‘out-of-state bank holding company’, ‘person’, ‘registered bank holding company’, ‘resulting bank’, ‘retailer’, ‘retail location’, ‘safe deposit box’, ‘state bank’, ‘successor’, and ’transferor’. This legal document is part of the Colorado Banking Code and governs banks in the state of Colorado. It contains general provisions related to banking operations and regulations. The document includes sections on the short title and policy, the effect on existing banks, application of the code, and definitions of key terms. It is important to note that this document does not specify any penalties for non-compliance or violation of the code. Overall, the document provides a framework for the regulation and operation of banks in Colorado.
Whom does it apply to?
State banks organized and existing prior to July 1, 2013, banks chartered under the laws of another state, national banks doing business in Colorado on or after July 1, 2013, individuals and entities involved in banking transactions in Colorado
What does it govern?
The Colorado Banking Code, specifically Articles 101 to 109 and article 10.5 of the Colorado Revised Statutes
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Colorado