Digest of Bills - 1997

FINANCIAL INSTITUTIONS

S.B. 97-57 Public deposits - eligible collateral - letters of credit. Adds irrevocable and unconditional standby letters of credit that are issued by a federal home loan bank and that satisfy certain criteria to the types of collateral that may be used by savings and loan associations that hold public deposits in excess of the amount protected by federal deposit insurance.

APPROVED by Governor March 28, 1997
EFFECTIVE March 28, 1997

H.B. 97-1165 Banking - trust company capital calls. Authorizes the state bank commissioner, with the approval of the banking board, to issue capital calls for trust companies in the case of capital inadequacy. Specifies procedures for collecting assessments levied pursuant to such a capital call and the terms of liability of trust company shareholders.

APPROVED by Governor March 28, 1997
EFFECTIVE March 28, 1997

H.B. 97-1191 State financial services board - final orders - appeals. Authorizes any person not regulated by the division of financial services who is directly affected by a final order of the financial services board to appeal such final order to the Colorado court of appeals.

APPROVED by Governor March 13, 1997
EFFECTIVE March 13, 1997

 

Session Laws of Colorado Digest of Bills General Assembly State of Colorado


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