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Can you summarize 11 CORS Article 107?
Colorado Banking Code > CRIMINAL OFFENSES
Short Summary
The provided legal document content pertains to criminal offenses related to financial institutions and banks under the Colorado Banking Code. It covers various offenses such as falsely acting as a bank, receiving deposits while insolvent, unlawful service as an officer or director, unlawful gratuity or compensation, unlawful concealment of transactions, embezzlement or misapplication of funds, and unlawful acts or omissions. The document applies to any person not authorized to carry on a banking business, state banks, officers, directors, employees, attorneys, agents, and affiliates. It prohibits fraudulent activities, misrepresentation, concealment of transactions, and other unlawful acts within the banking industry. The document does not specify the penalties for non-compliance or violation, but it mentions that criminal offenses can range from class 2 misdemeanor to class 6 felony, depending on the nature of the offense.
Whom does it apply to?
Any person not authorized to carry on a banking business, state banks, officers, directors, employees, attorneys, agents, affiliates
What does it govern?
Criminal offenses related to financial institutions and banks under the Colorado Banking Code
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
The penalties for non-compliance or violation of these provisions are not specified in the document. However, the document mentions that criminal offenses can range from class 2 misdemeanor to class 6 felony, depending on the nature of the offense.
Jurisdiction
Colorado