Colorado § 11-103-810 - Preapproved shelf charter.
Full text of Colorado Colorado Revised Statutes § 11-103-810 — Preapproved shelf charter., with citation guidance and answers to common questions.
§ 11-103-810. Preapproved shelf charter.
The board may preapprove a shelf charter for a new bank to qualified individuals, contingent upon the new bank completing all specified requirements and purchasing the assets and assuming the liabilities of a bank in receivership as the federal deposit insurance corporation may determine, if the proposed bank has its principal place of business in Colorado and has assets and liabilities held in receivership by the federal deposit insurance corporation. The shelf charter may be preapproved and summarily issued without publication of a notice, without the holding of a public hearing, and without complying with all of the other provisions and procedures specified in this code. Upon federal deposit insurance corporation approval of the purchase and assumption by the new bank, the final charter approval may be granted, together with final approval of deposit insurance by the federal deposit insurance corporation. If the bid is not accepted by the federal deposit insurance corporation, the charter remains on the shelf for up to eighteen months. During that time, the charter may be used for other bids.
Source: L. 2009: Entire section added, (HB 09-1053), ch. 159, p. 688, § 4, effective August 5.
ARTICLE 104
Holding Companies
PART 1
HOLDING COMPANIES GENERALLY
11-104-101. Prohibition on acquisition or control - limited service banking institutions.
PART 2
ACQUISITION OF CONTROL OF BANKS AND BANK HOLDING COMPANIES
11-104-201. Legislative declaration.
11-104-202. Acquisition of control of bank holding companies and banks by bank holding companies in different states - interstate banking and branching - rules.
11-104-203. Authority of banking board to enforce provisions of article.
PART 1
HOLDING COMPANIES GENERALLY
Frequently Asked Questions About Colorado § 11-103-810
What does Colorado Revised Statutes § 11-103-810 cover?
Section 11-103-810 ("Preapproved shelf 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 § 11-103-810?
A common citation format is "Colorado Revised Statutes § 11-103-810" (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 § 11-103-810 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.