C.R.S. Section 11-105-402
Banking property

  • acquisition

(1)

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.

(2)

The rate of depreciation of property so acquired may be prescribed by the banking board.

Source: Section 11-105-402 — Banking property - acquisition, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-11.­pdf (accessed Oct. 20, 2023).

11‑105‑101
Branch banks and practices prohibited
11‑105‑102
Accounts and interest
11‑105‑103
Saturday closing - notice - effect
11‑105‑104
Minor or institutional deposits
11‑105‑105
Joint deposits - right of survivor
11‑105‑106
Final adjustment - statement of account
11‑105‑107
Adverse claim deposits
11‑105‑108
Transmitting money - foreign exchange
11‑105‑109
Temporary closing of banks - when
11‑105‑110
Disclosure of information pursuant to legal process
11‑105‑111
Trust account - limited documentation required - certificate of trust
11‑105‑112
Entity account - certificate of existence and authority - definitions
11‑105‑208
Consumer protection
11‑105‑301
Reserves against deposits
11‑105‑302
Loans, acceptances, investments, and letters of credit
11‑105‑303
Corporate powers - interest and charges
11‑105‑304
Bank investments - customers’ orders
11‑105‑305
Acceptances - letters of credit
11‑105‑401
Acquisition of property to satisfy indebtedness
11‑105‑402
Banking property - acquisition
11‑105‑403
Sale of assets
11‑105‑404
Pledge of assets
11‑105‑405
Signature guaranty
11‑105‑501
Safe deposit boxes - leasing and subsidiary company
11‑105‑502
Access by fiduciaries
11‑105‑503
Lease to minor
11‑105‑504
Death of lessee - procedure
11‑105‑505
Adverse claims to safe deposit box
11‑105‑506
Annual fees
11‑105‑601
Legislative declaration
11‑105‑602
Financial branches allowed - conversion of financial institutions to branches - acquisitions
11‑105‑603
Financial institutions - common powers and limitations
11‑105‑604
Subsidiary depository institutions as agent
11‑105‑605
Rule-making by banking board and financial services board
11‑105‑606
Notice of branch closing
Green check means up to date. Up to date

Current through Fall 2024

§ 11-105-402’s source at colorado​.gov