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Can you summarize Title 11 CORS, Banks and Industrial Banks?
Financial Institutions > Banks and Industrial Banks
Short Summary
The provided legal document content covers various aspects of the Colorado Revised Statutes related to financial institutions. It includes information on the liquidation procedure under the ‘Colorado Banking Code’, regulation and operation of industrial banks in Colorado, operations and management of trust companies and trust funds in Colorado, and establishment and operation of common trust funds. The liquidation procedure applies to entities involved in the liquidation of banks and industrial banks in Colorado, without any specific exemptions or penalties mentioned. The regulation and operation of industrial banks were repealed in 2003, and the provisions were relocated to articles 101 to 109 of the same title, but no specific details or provisions are provided in the document. The Trust Company Act governs the operations and management of trust companies and trust funds in Colorado, without any specific exemptions or penalties mentioned. The Uniform Common Trust Fund Act applies to banks and trust companies qualified to act as fiduciaries in Colorado and provides guidelines for the establishment and operation of common trust funds. The document also defines ‘fiduciary’ and includes various individuals and entities acting in a fiduciary capacity. No specific exemptions or penalties are mentioned in the document. Overall, the provided legal document content provides an overview of the governing statutes and regulations related to banks, industrial banks, trust companies, and common trust funds in Colorado, but does not provide detailed provisions or requirements.
Whom does it apply to?
Entities involved in the liquidation of banks and industrial banks in Colorado, industrial banks, trust companies operating in Colorado, banks and trust companies qualified to act as fiduciaries in Colorado
What does it govern?
Liquidation procedure under the 'Colorado Banking Code', regulation and operation of industrial banks in Colorado, operations and management of trust companies and trust funds in Colorado, establishment and operation of common trust funds
What are exemptions?
No specific exemptions are mentioned in the provided legal document content.
What are the Penalties?
No specific penalties are mentioned in the provided legal document content.
Jurisdiction
Colorado