Colorado § 11-103-808 - Emergency grant of new charter.
Full text of Colorado Colorado Revised Statutes § 11-103-808 — Emergency grant of new charter., with citation guidance and answers to common questions.
§ 11-103-808. Emergency grant of new charter.
In addition to powers regarding liquidation or reorganization, the banking board may, in the interest of protecting the public and the depositors of a closed state bank or national banking association with its principal office in this state, issue a new bank charter to qualified individuals for the same location as the closed bank, contingent upon the new bank assuming full liability for such deposits of the closed bank as may be transferred to it. Under such conditions, a new charter may be issued summarily without the publication of notice, without the holding of a public hearing, and without complying with any of the other provisions and procedures specified in this code.
Source: L. 2003: Entire article added with relocations, p. 1108, § 3, effective July 1.
Editor's note: This section is similar to former § 11-5-108 as it existed prior to 2003.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-103-808
What does Colorado Revised Statutes § 11-103-808 cover?
Section 11-103-808 ("Emergency grant of new charter.") 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 § 11-103-808?
A common citation format is "Colorado Revised Statutes § 11-103-808" (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 § 11-103-808 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.