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Can you summarize 11 CORS Article 104?
Colorado Banking Code > HOLDING COMPANIES
Short Summary
The provided legal document content pertains to the acquisition and control of banking institutions in the state of Colorado by bank holding companies or other companies. According to the document, no bank holding company or other company can acquire or control a banking institution in Colorado unless the institution accepts deposits that the depositor has a legal right to withdraw on demand and engages in the business of making commercial loans. The document was added as an entire article with relocations in 2003 and is similar to a former section that existed prior to 2003. The document does not specify any exemptions or penalties related to its provisions.
Whom does it apply to?
Bank holding companies or other companies seeking to acquire or control a banking institution in Colorado
What does it govern?
Acquisition and control of banking institutions in the state of Colorado by bank holding companies or other companies
What are exemptions?
The document does not specify any exemptions
What are the Penalties?
The document does not specify any penalties
Jurisdiction
Colorado