Colorado § 11-102-508 - Statements derogatory to state banks - penalty.

§ 11-102-508. Statements derogatory to state banks - penalty.

Any person who willfully makes, circulates, or transmits to another any false statement, written or oral, that is directly or by inference derogatory to the financial condition of any state bank and that results in an extraordinary withdrawal of funds from such bank or that results in impairing public confidence in such bank and any person who shall counsel, aid, procure, or induce another to start, transmit, or circulate any such statement knowing the statement to be false commits a class 2 misdemeanor and shall be punished as provided in section 18-1.3-501, C.R.S.

Source: L. 2003: Entire article added with relocations, p. 1079, § 3, effective July 1.

Editor's note: This section is similar to former § 11-2-122 as it existed prior to 2003.

ARTICLE 103

Organization and Corporate Functions

PART 1

GENERAL CORPORATE POWERS

11-103-101. General corporate powers.

11-103-102. Trust, fiduciary, and agency powers - when authorized.

11-103-103. State bank organized as a limited liability company.

PART 2

CAPITAL REQUIREMENTS

11-103-201. Capital.

11-103-202. Inadequacy of capital - assessments.

11-103-203. Liability of shareholders.

PART 3

CHARTERING A STATE BANK

11-103-301. Incorporators.

11-103-302. Application fees.

11-103-303. Application for de novo charter or charter conversion.

11-103-304. Procedure for granting or denying charter.

PART 4

SHARES AND DISTRIBUTIONS

11-103-401. Subscription calls.

11-103-402. First meetings of stockholders - director's oath - bylaws.

11-103-403. Stockholders' meetings - voting trusts - preemptive right - transfer of stock - rules.

11-103-404. Waiver of notice - meeting or vote.

11-103-405. Amendment of articles - change of location - authorized but unissued stock.

11-103-406. Dividends - when payable.

PART 5

DIRECTORS AND OFFICERS

11-103-501. Directors and officers.

11-103-502. Directors' meetings - duties.

11-103-503. Waiver of notice - meeting or vote.

PART 6

INDEMNIFICATION AND INSURANCE

11-103-601. Director and officer insurance and fidelity bonds - legislative declaration.

11-103-602. Indemnification and personal liability of directors, officers, employees, and agents.

11-103-603. Deposit insurance - membership in federal reserve system - federal national mortgage association.

PART 7

MERGER, CONSOLIDATION, CONVERSION, AND SALE OF ASSETS

11-103-701. Merger or conversion.

11-103-702. Approval of merger by directors.

11-103-703. Approval by banking board.

11-103-704. Approval by stockholders - rights of dissenters.

11-103-705. Effective date of merger - certificate.

11-103-706. Continuation of corporate entity.

11-103-707. Conversion from state bank to national and vice versa.

11-103-708. Nonconforming assets.

11-103-709. Sale of all assets of bank, branch, or department.

PART 8

LIQUIDATION, DISSOLUTION, AND REORGANIZATION

11-103-801. Voluntary liquidation and dissolution.

11-103-802. Involuntary liquidation by banking board - reorganization.

11-103-803. Reorganization plan.

11-103-804. Liquidation by commissioner - procedure.

11-103-805. Federal deposit insurance corporation or successor as liquidator.

11-103-806. Assets sold or pledged as security.

11-103-807. Enforcement of directors' liability.

11-103-808. Emergency grant of new charter.

11-103-809. Emergency grant of branch facility - legislative declaration.

11-103-810. Preapproved shelf charter.

PART 1

GENERAL CORPORATE POWERS