Colorado § 11-105-102 - Accounts and interest.
Full text of Colorado Colorado Revised Statutes § 11-105-102 — Accounts and interest., with citation guidance and answers to common questions.
§ 11-105-102. Accounts and interest.
(1) A state bank may maintain demand, savings, and time deposit accounts and any type of account that a national bank may maintain.
(2) Savings deposits shall be repaid to the depositors under such rules as the board of directors of the state bank shall, from time to time, prescribe. Such rules shall be conspicuously exposed in some place accessible and visible in the business office of the state bank. No alterations that may at any time be made in the rules shall in any manner affect the rights of a depositor within the contract period in respect to deposits made previous to such alteration.
(3) The banking board may by rule establish the maximum annual rate of interest that a state bank may pay on any type of deposit or account. In the absence of such rule, a state bank shall be subject only to applicable federal law in the payment of interest.
Source: L. 2003: Entire article added with relocations, p. 1113, § 3, effective July 1.
Editor's note: This section is similar to former § 11-6-102 as it existed prior to 2003.
ANNOTATION
Annotator's note. Since § 11-105-102 is similar to § 11-6-102 as it existed prior to the 2003 recodification of the "Colorado Banking Code", articles 101 to 109 of title 11, a relevant case construing that provision has been included in the annotations to this section.
Applied in Otero Sav. & Loan Ass'n v. Bd. of Governors, 497 F. Supp. 370 (D. Colo. 1980).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-105-102
What does Colorado Revised Statutes § 11-105-102 cover?
Section 11-105-102 ("Accounts and interest.") 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 § 11-105-102?
A common citation format is "Colorado Revised Statutes § 11-105-102" (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 § 11-105-102 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.