Colorado § 11-103-708 - Nonconforming assets.
Full text of Colorado Colorado Revised Statutes § 11-103-708 — Nonconforming assets., with citation guidance and answers to common questions.
§ 11-103-708. Nonconforming assets.
If a constituent bank has assets that do not conform to the requirements of state law for the resulting bank, or if a converting national bank has assets that do not conform to the requirements of a state law for the converted state bank, or if, in either case, there are business activities that are not permitted for the resulting or converted state bank, the banking board may permit a reasonable time to conform with state law.
Source: L. 2003: Entire article added with relocations, p. 1098, § 3, effective July 1.
Editor's note: This section is similar to former § 11-4-109 as it existed prior to 2003.
Frequently Asked Questions About Colorado § 11-103-708
What does Colorado Revised Statutes § 11-103-708 cover?
Section 11-103-708 ("Nonconforming assets.") 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 § 11-103-708?
A common citation format is "Colorado Revised Statutes § 11-103-708" (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 § 11-103-708 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.