S.B. 03-16 Industrial banks - entities - financial holding companies. On and after July 1, 2003, prohibits an entity from acquiring control of an industrial bank unless the entity is only a financial holding company under federal law.
APPROVED by Governor April 22, 2003
EFFECTIVE July 1, 2003
H.B. 03-1106 Banking board - issuance of charters - limited liability company. On and after July 1, 2003, authorizes the banking board in the division of banking to issue a state bank charter, an industrial bank charter, or a trust company charter to a limited liability company. Authorizes the banking board to promulgate rules related to the issuance of these charters to limited liability companies. Subjects limited liability companies chartered as state banks, industrial banks, and trust companies to the same requirements as corporations that are so chartered, and provides rules of construction applying the provisions of the Banking Code to such entities in similar fashion.
APPROVED by Governor May 14, 2003
EFFECTIVE May 14, 2003
H.B. 03-1257 Recodification - banking statutes. Repeals and relocates the provisions of certain banking statutes in articles 1 through 10 and 11, 20, 22, 23, and 25 of title 11, Colorado Revised Statutes, to new articles in title 11, Colorado Revised Statutes. Repeals portions of the current statutes containing the provisions being relocated. Repeals certain provisions not being relocated.
APPROVED by Governor April 17, 2003
EFFECTIVE July 1, 2003
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