Colorado § 11-102-502 - Exemption from liability - when.
Full text of Colorado Colorado Revised Statutes § 11-102-502 — Exemption from liability - when., with citation guidance and answers to common questions.
§ 11-102-502. Exemption from liability - when.
A person who is a member of the banking board or an officer or employee of the division is not liable in any civil action for damages for any act done or omitted in good faith in performing the functions of the person's office.
Source: L. 2003: Entire article added with relocations, p. 1076, § 3, effective July 1. L. 2024: Entire section amended, (HB 24-1351), ch. 461, p. 3201, § 15, effective August 7.
Editor's note: This section is similar to former § 11-2-116 as it existed prior to 2003.
ANNOTATION
Annotator's note. Since § 11-102-502 is similar to § 11-2-116 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.
A bank is under a duty not to disclose the financial condition of its customers and depositors. Rubenstein v. S. Denver Nat. Bank, 762 P.2d 755 (Colo. App. 1988).
Frequently Asked Questions About Colorado § 11-102-502
What does Colorado Revised Statutes § 11-102-502 cover?
Section 11-102-502 ("Exemption from liability - when.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 11-102-502?
A common citation format is "Colorado Revised Statutes § 11-102-502" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 11-102-502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.