Colorado § 11-103-701 - Merger or conversion.
Full text of Colorado Colorado Revised Statutes § 11-103-701 — Merger or conversion., with citation guidance and answers to common questions.
§ 11-103-701. Merger or conversion.
(1) Upon approval of the banking board, banks may be merged with, or converted into, a resulting state bank as prescribed in this article; except that the action by a constituent national bank shall be taken in the manner prescribed by, and is subject to, any limitation or requirements imposed by any law of the United States, which law also governs the rights of its dissenting shareholders. Further, the action by a constituent bank chartered in another state shall be taken in the manner prescribed by, and is subject to, any limitation or requirements imposed by any law of the chartering state, which law also governs the rights of its dissenting shareholders.
(2) Nothing in the law of this state restricts the right of a state bank to merge with, or convert into, a resulting national bank or bank chartered by another state. The action to be taken by a constituent state bank and its rights and liabilities and those of its shareholders are the same as those prescribed for national banks at the time of the action by the applicable laws of the United States or the other chartering state and not by the law of this state.
Source: L. 2003: Entire article added with relocations, p. 1095, § 3, effective July 1. L. 2013: Entire section amended, (SB 13-154), ch. 282, p. 1464, § 7, effective July 1.
Editor's note: This section is similar to former § 11-4-102 as it existed prior to 2003.
Frequently Asked Questions About Colorado § 11-103-701
What does Colorado Revised Statutes § 11-103-701 cover?
Section 11-103-701 ("Merger or conversion.") 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 § 11-103-701?
A common citation format is "Colorado Revised Statutes § 11-103-701" (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 § 11-103-701 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.