Colo. Rev. Stat. § 11-102-501
Banking interests of officers and employees - violation
Colorado · Colorado Revised Statutes Title 11 — Financial Institutions · Status: effective
Cite this
- Citation
- Colo. Rev. Stat. § 11-102-501, Banking interests of officers and employees - violation, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2289727
- Permanent ID
ys:prov:2289727@1- SHA-256
ef107de4709a199fb023183e24b80ef7b90c1f1b489d76bbab7a7a430420e362
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
No officer or employee of the division shall be an officer, director, attorney, owner, or shareholder in any bank, or, except as provided in this article 102, receive, directly or indirectly, any payment or gratuity from any such bank, or be indebted to any bank or other institution over which the division has supervisory control. Willful violation of this section is declared to be a criminal offense. This section does not prohibit being a depositor or the lessee of a safe deposit box on the same terms as are available to the public generally, or being indebted to a bank: Upon a mortgage loan upon the mortgagor's own home, or upon an installment debt transferred to a bank in the regular course of business by a seller of consumer goods including automobiles purchased by the officer or employee. Further, this section does not prohibit the five banker members of the banking board, provided for in section 11-102-103 (1)(a), from being executive officers in banks and from receiving bona fide compensation as such officers.