reglab/housing_qa huggingface dataset:
CO Code § 11-103-810 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 103 - Organization and Corporate Functions|Part 8 - Liquidation, Dissolution, and Reorganization|§ 11-103-810. Preapproved Shelf Charter

 The board may preapprove a shelf charter for a new bank to qualified individuals, contingent upon the new bank completing all specified requirements and purchasing the assets and assuming the liabilities of a bank in receivership as the federal deposit insurance corporation may determine, if the proposed bank has its principal place of business in Colorado and has assets and liabilities held in receivership by the federal deposit insurance corporation. The shelf charter may be preapproved and summarily issued without publication of a notice, without the holding of a public hearing, and without complying with all of the other provisions and procedures specified in this code. Upon federal deposit insurance corporation approval of the purchase and assumption by the new bank, the final charter approval may be granted, together with final approval of deposit insurance by the federal deposit insurance corporation. If the bid is not accepted by the federal deposit insurance corporation, the charter remains on the shelf for up to eighteen months. During that time, the charter may be used for other bids.   History. Source: L. 2009: Entire section added, (HB 09-1053), ch. 159, p. 688, § 4, effective August 5.
CO Code § 11-104-101 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 104 - Holding Companies|Part 1 - Holding Companies Generally|§ 11-104-101. Prohibition on Acquisition or Control - Limited Service Banking Institutions

 Notwithstanding any other provision of law, no bank holding company or other company may acquire or control any banking institution located in this state that does not both accept deposits that the depositor has a legal right to withdraw on demand and engage in the business of making commercial loans.   History. Source: L. 2003: Entire article added with relocations, p. 1109, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-6.3-101 (2) as it existed prior to 2003.
CO Code § 11-104-201 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 104 - Holding Companies|Part 2 - Acquisition of Control of Banks and Bank Holding Companies|§ 11-104-201. Legislative Declaration

  The general assembly finds, determines, and declares that, in authorizing expansion of interstate banking to this state, primary consideration should be given to providing positive benefits for the people of this state; to affording protection to bank depositors in this state; to enhancing the opportunity of the people of this state to receive services provided by banks and bank holding companies; and to setting forth the standards under which out-of-state bank holding companies may acquire or control Colorado banks and bank holding companies.    In order to comply with the considerations set forth in subsection (1) of this section with respect to interstate branch banking, the general assembly finds and declares that de novo interstate branching into or out of this state is expressly authorized on or after July 1, 2013, and that interstate branching through the acquisition of one or more branches of an insured financial institution in this state or another state is expressly authorized on or after July 1, 2013.     History. Source: L. 2003: Entire article added with relocations, p. 1109, § 3, effective July 1. L. 2013: (2) amended,(SB 13-154), ch. 282, p. 1465, § 10, effective July 1.    Editor's note:   This section is similar to former § 11-6.4-101 as it existed prior to 2003.
CO Code § 11-104-203 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 104 - Holding Companies|Part 2 - Acquisition of Control of Banks and Bank Holding Companies|§ 11-104-203. Authority of Banking Board to Enforce Provisions of Article

  Any bank holding company controlling any other bank holding company or bank pursuant to this code in this state is, for purposes of enforcing this article, subject to the jurisdiction of the banking board with respect to its operations and affairs in the state of Colorado. The banking board may utilize the applicable powers conferred by this code and the “Public Deposit Protection Act”, article 10.5 of this title, to carry out the duties imposed by this section.    The banking board shall have the authority to examine the records and affairs of any bank holding company filing an application to acquire control of a Colorado bank or Colorado bank holding company pursuant to this article. The banking board shall have the power to subpoena witnesses, compel their attendance, require the production of evidence, administer an oath, and examine any person under oath in connection with any subject relating to a duty imposed upon, or power vested in, the banking board pursuant to this section. In case of a refusal of any person to comply with a lawful subpoena or order of the banking board issued pursuant to this section, upon proper petition by the banking board to the district court, the court shall require compliance therewith, and further refusal shall be punishable as contempt of court.    The banking board may, after notice and hearing pursuant to article 4 of title 24, C.R.S., order any person to cease and desist from violating any provision of this article.    The banking board may, after notice and hearing pursuant to article 4 of title 24, C.R.S., order any bank holding company controlling any other bank holding company or any bank in this state in violation of the provisions of this article to divest its interest in any such bank holding company or bank.     History. Source: L. 2003: Entire article added with relocations, p. 1111, § 3, effective July 1. L. 2013: (1) amended,(SB 13-154), ch. 282, p. 1482, § 47, effective July 1.    Editor's note:   This section is similar to former § 11-6.4-104 as it existed prior to 2003.
CO Code § 11-105-102 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 1 - General Provisions|§ 11-105-102. Accounts and Interest

  A state bank may maintain demand, savings, and time deposit accounts and any type of account that a national bank may maintain.    Savings deposits shall be repaid to the depositors under such rules as the board of directors of the state bank shall, from time to time, prescribe. Such rules shall be conspicuously exposed in some place accessible and visible in the business office of the state bank. No alterations that may at any time be made in the rules shall in any manner affect the rights of a depositor within the contract period in respect to deposits made previous to such alteration.    The banking board may by rule establish the maximum annual rate of interest that a state bank may pay on any type of deposit or account. In the absence of such rule, a state bank shall be subject only to applicable federal law in the payment of interest.     History. Source: L. 2003: Entire article added with relocations, p. 1113, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-6-102 as it existed prior to 2003.   ANNOTATION   Annotator's note. Since § 11-105-102 is similar to § 11-6-102 as it existed prior to the 2003 recodification of the “Colorado Banking Code”, articles 101 to 109 of title 11, a relevant case construing that provision has been included in the annotations to this section.   Applied in Otero Sav. & Loan Ass'n v. Bd. of Governors, 497 F. Supp. 370 (D. Colo. 1980 ).
CO Code § 11-105-103 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 1 - General Provisions|§ 11-105-103. Saturday Closing - Notice - Effect

 Any state bank or trust company, national banking association, or federal reserve bank may, by brief notation on its front door, fully dispense with, or restrict to such extent as it may determine, the hours within which it will be open for business on all, or less than all, Saturdays. However, the fact that a bank remains open for business on all, or less than all, Saturdays shall not make that day, or any part thereof, a banking day for the purposes of section 4-4-104 (a)(3), C.R.S., of the “Uniform Commercial Code”. Any plan so adopted by any such organization may be changed by it from time to time in its discretion. Every Saturday on which any such state bank, national banking association, or federal reserve bank, in observance of such notation, is not open for business shall be, with respect to the particular organization, the equivalent of a legal holiday, as specified in section 24-11-101 , C.R.S. Any act authorized, required, or permitted to be performed at, by, or with respect to such organization on a Saturday that is for it a holiday may be performed on the next succeeding business day, notwithstanding the provisions of any other law of this state to the contrary, and no liability or loss of right of any kind shall result from such delay. The provisions of this section shall not operate to invalidate or prohibit the doing on any Saturday of any such act by any person or organization referred to in this section.   History. Source: L. 2003: Entire article added with relocations, p. 1114, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-6-103 as it existed prior to 2003.
CO Code § 11-105-104 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 1 - General Provisions|§ 11-105-104. Minor or Institutional Deposits

  A bank may operate a deposit account for a minor with the same effect upon its liability as if the minor were of full age unless such minor's guardian or conservator files with the bank a certified copy of the order of a Colorado court having jurisdiction appointing him or her and directs otherwise.    Subject to such rules, not in conflict with section 11-105-101, as the banking board may prescribe for the protection of depositors, a bank may contract with the proper authorities of any public or nonpublic elementary or secondary school or any public or charitable institution caring for minors for the participation by the bank in any school or institutional thrift or savings plan.     History. Source: L. 2003: Entire article added with relocations, p. 1114, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-6-104 as it existed prior to 2003.
CO Code § 11-105-106 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 1 - General Provisions|§ 11-105-106. Final Adjustment - Statement of Account

  When a statement of account has been rendered by a bank to a depositor and accompanied by vouchers, if any, that are the basis for debit entries in such account, or when the depositor's passbook or savings account book has been written up by the bank, showing the condition of the depositor's account, and delivered to such depositor with like accompaniment of vouchers, if any, such account shall, after the period of one year from the date of its rendition, in the event no objection thereto has been theretofore made by the depositor, be deemed finally adjusted and settled and its correctness conclusively presumed. Such depositor shall thereafter be barred from questioning the correctness of such account for any cause.    Nothing in this section shall be construed to relieve the depositor from the duty of exercising due diligence in the examination of such account and vouchers, if any, when rendered by the bank and of immediate notification to the bank upon discovery of any error therein, nor from the legal consequences of neglect of such duty.    A statement of account may be rendered to a depositor by mailing such statement, with supporting vouchers, if any, to such depositor's address as shown on the books of the bank.     History. Source: L. 2003: Entire article added with relocations, p. 1115, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-6-106 as it existed prior to 2003.
CO Code § 11-105-107 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 1 - General Provisions|§ 11-105-107. Adverse Claim Deposits

  Notice to any bank of an adverse claim to a deposit standing on its books to the credit of any person, or to securities or other property deposited by any person with the bank, shall not be effectual to cause said bank to recognize said adverse claimant, unless said adverse claimant shall also either procure a restraining order, injunction, or other appropriate process against and served upon said bank from a court of competent jurisdiction in an action instituted by said adverse claimant wherein the person to whose credit the deposit stands or for whose account the securities or other property are held is made a party and served with summons or shall comply with subsection (2) of this section.    Such adverse claimant, in lieu of a court order, shall execute to said bank, in form and amount and with sureties acceptable to it, a bond indemnifying said bank from all liability, loss, damage, costs, and expenses, whether on account of the payment of such adverse claim or the dishonor of the check or other order of the person to whose credit the deposit stands on the books of said bank or on account of the delivery of said securities or other property to the adverse claimant or the refusal to comply with any order of the depositor of the securities or property held, as the case may be.    This section shall not apply in any instance where the person to whose credit the deposit stands or for whose account the securities or other property is held, is a fiduciary designated as such by words indicating the deposit or other property is, or the securities are, held for the benefit of such adverse claimant, and the facts showing reasonable cause of belief on the part of said claimant that the fiduciary is about to misappropriate such deposit, securities, or other property are made to appear by the affidavit of such claimant.     History. Source: L. 2003: Entire article added with relocations, p. 1115, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-6-107 as it existed prior to 2003.
CO Code § 11-105-108 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 1 - General Provisions|§ 11-105-108. Transmitting Money - Foreign Exchange

  A bank may accept money for transmission and may transmit money.    A bank may buy and sell foreign exchange to the extent necessary to meet the needs of customers.     History. Source: L. 2003: Entire article added with relocations, p. 1116, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-6-108 as it existed prior to 2003.
CO Code § 11-105-110 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 1 - General Provisions|§ 11-105-110. Disclosure of Information Pursuant to Legal Process

 Any bank, savings and loan association, credit union, or any agent or employee of such financial institutions that makes a disclosure of records or information on the direction contained in a lawful notice, subpoena, written request, search warrant, grand jury subpoena, or other process issued by any governmental authority or by a court is not civilly or criminally liable for such disclosure, nor is the financial institution liable to the customer or any other person for such disclosure.   History. Source: L. 2003: Entire article added with relocations, p. 1117, § 3, effective July 1. L. 2013: Entire section amended,(SB 13-154), ch. 282, p. 1484, § 54, effective July 1.    Editor's note:   This section is similar to former § 11-6-113 as it existed prior to 2003.
CO Code § 11-105-208 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 2 - Electronic Funds Transfers|§ 11-105-208. Consumer Protection

  Every Colorado bank using a communications facility shall provide its account holders, at the time the facility is used, with a receipt or record of each banking transaction initiated at a facility. Such receipt or record shall be admissible as evidence in any legal action or proceeding and shall constitute prima facie proof of the banking transaction evidenced by such receipt or record. When a Colorado bank furnishes a statement of a demand, savings, or loan account to an account holder, such statement shall reflect each banking transaction affecting such account made by the account holder at a communications facility during the period covered by the statement.    With respect to any card or other device issued to an account holder for use at a communications facility, any account holder whose card or device is lost or stolen and subsequently used by an unauthorized person shall only be liable for the lesser of fifty dollars or the amount of money, goods, or services obtained by the unauthorized use prior to notice to the Colorado bank that issued the card or device of the theft or loss. If the unauthorized use occurs through no fault of the account holder, no liability shall be imposed on the account holder.    No account holder shall be held liable for any loss occurring as the result of any tampering or manipulation of a communications facility unless such account holder performs or authorizes such acts.    Commercial banks shall continue to offer customers the right to use checking accounts. No bank shall make the use of such accounts burdensome with intent to discourage such use. The banking board shall issue rules designed to prevent violation of this provision.      No agreement to operate or share a communications facility may prohibit, limit, or restrict the right of the operator or owner of the communications facility to charge a customer conducting a transaction using an account from a foreign bank a usual and customary access fee or surcharge unless prohibited under state or federal law.    Notwithstanding paragraph (a) of this subsection (5), nothing in this section may be construed to prohibit, limit, or otherwise restrict the right of the operator or owner of a communications facility from voluntarily entering into an agreement to participate in a surcharge-free network.         History. Source: L. 2003: Entire article added with relocations, p. 1119, § 3, effective July 1. L. 2007: (5) added, p. 605, § 1, effective August 3.    Editor's note:   This section is similar to former § 11-6.5-109 as it existed prior to 2003.
CO Code § 11-105-301 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 3 - Reserves, Loans, and Investments|§ 11-105-301. Reserves Against Deposits

 State banks that are subject to reserve provisions of the “Federal Reserve Act” shall maintain such reserves against deposits as may be required by the “Federal Reserve Act”, but, in addition thereto, the banking board may by rule impose reserve requirements that it deems prudent and sound on said banks or on state banks not subject to reserve provisions of the “Federal Reserve Act”.   History. Source: L. 2003: Entire article added with relocations, p. 1120, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-7-101 as it existed prior to 2003.   Cross references:   For the “Federal Reserve Act”, see 12 U.S.C. § 221 et seq.
CO Code § 11-105-303 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 3 - Reserves, Loans, and Investments|§ 11-105-303. Corporate Powers - Interest and Charges

 In addition to the general corporate powers granted by this code, a state bank has the power, subject to the limitations and restrictions imposed by this code and the rules of the banking board, to lend money either upon the security of real property or personal property, or otherwise; to charge, or to receive in advance, interest therefor; and to contract for a charge for a secured or unsecured installment loan.   History. Source: L. 2003: Entire article added with relocations, p. 1121, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-7-103 as it existed prior to 2003.
CO Code § 11-105-305 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 3 - Reserves, Loans, and Investments|§ 11-105-305. Acceptances - Letters of Credit

  A state bank may accept:   A draft that has not more than six months' sight to run, exclusive of days of grace, and is drawn to finance the purchase of goods with maturity in accordance with the original terms of purchase, or is secured by shipping documents transferring or securing title to goods, or by receipt of a licensed or bonded warehouse or elevator transferring or securing title to readily marketable staples;    A draft that has no more than three months' sight to run, exclusive of days of grace, and is drawn by a bank outside the continental limits of the United States for the purpose of furnishing dollar exchange for trade.       A state bank may issue letters of credit, but, unless the authority conferred to draw upon the bank or its correspondents is limited to such drafts as a bank is authorized by this section to accept, the amount of the credit outstanding at any one time shall be deemed to be a loan to the person for whose account the credit was issued.     History. Source: L. 2003: Entire article added with relocations, p. 1124, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-7-107 as it existed prior to 2003.   ANNOTATION   Annotator's note. Since § 11-105-305 is similar to § 11-7-107 as it existed prior to the 2003 recodification of the “Colorado Banking Code”, articles 101 to 109 of title 11, a relevant case construing that provision has been included in the annotations to this section.   Letter of credit by state bank not ultra vires. Letters of credit issued by a state bank, being authorized by subsection (2) and falling within the provisions of § 4-5-102(1) , are binding, primary obligations, dependent solely on presentation of conforming documents, and are, therefore, not ultra vires. United Bank v. Quadrangle, Ltd., 42 Colo. App. 486, 596 P.2d 408 (1979).
CO Code § 11-105-402 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 105 - Banking Practices|Part 4 - Property, Sales, Borrowing, and Signature Guaranty|§ 11-105-402. Banking Property - Acquisition

  A state bank may invest in fixed assets of the bank or the stock or obligations of any corporation holding such fixed assets or may make loans to or upon the security of the stock of any such corporation, but the aggregate of all such investments and loans shall not exceed one hundred percent of the bank's capital, as provided in the rules promulgated by the banking board; except that the banking board may approve a larger investment upon application of the bank if the banking board deems the same prudent. As used in this subsection (1), “fixed assets” means real estate, leasehold improvements, fixtures, furniture, and equipment; “real estate” and “leasehold improvements” include land and buildings to be used in the transaction of the bank's business and any excess space that may be rented to others.    The rate of depreciation of property so acquired may be prescribed by the banking board.     History. Source: L. 2003: Entire article added with relocations, p. 1125, § 3, effective July 1.    Editor's note:   This section is similar to former § 11-8-102 as it existed prior to 2003.