Colorado § 11-105-602 - Financial branches allowed - conversion of financial institutions to branches - acquisitions.
Full text of Colorado Colorado Revised Statutes § 11-105-602 — Financial branches allowed - conversion of financial institutions to branches - acquisitions., with citation guidance and answers to common questions.
§ 11-105-602. Financial branches allowed - conversion of financial institutions to branches - acquisitions.
(1) Any financial institution may convert any affiliate financial institution to a branch.
(2) Any financial institution, no matter the location of its principal place of business, may acquire any other financial institution for conversion to a branch or branches in this or another state.
(3) (a) Any bank, no matter the location of its principal place of business, upon thirty days' prior written notice to the banking board or the commissioner, may establish one or more de novo branches anywhere in this or another state.
(b) Any bank or savings and loan association may, upon thirty days' written notice to the banking board or commissioner, be converted to a branch of any bank or savings and loan association.
(b.5) (I) No financial institution may directly or indirectly establish or maintain or cause to be established or maintained its principal office, a loan production office, a deposit production office, an electronic communications device, or a branch in this state on or within one and one-half miles from premises or property owned, leased, or otherwise controlled, directly or indirectly, by an affiliate that engages in commercial activities.
(II) Repealed.
(c) The banking board and the financial services board shall adopt policies and procedures by rule no more restrictive than federal regulatory policies and procedures relative to notice of branches to be established under this subsection (3).
Source: L. 2003: Entire article added with relocations, p. 1127, § 3, effective July 1. L. 2004: (3)(c) amended, p. 147, § 45, effective July 1. L. 2007: (3)(b.5) added, p. 117, § 2, effective March 16; (3)(b.5)(II)(B) amended, p. 2021, § 15, effective June 1. L. 2013: (2), (3)(a), and (3)(b) amended and (3)(b.5)(II) repealed, (SB 13-154), ch. 282, pp. 1467, 1484, §§ 15, 56, effective July 1.
Editor's note: This section is similar to former § 11-25-103 as it existed prior to 2003.
ANNOTATION
Law reviews. For article, "Colorado's Version of Branch Banking", see 20 Colo. Law. 1611 (1991).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-105-602
What does Colorado Revised Statutes § 11-105-602 cover?
Section 11-105-602 ("Financial branches allowed - conversion of financial institutions to branches - acquisitions.") 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 § 11-105-602?
A common citation format is "Colorado Revised Statutes § 11-105-602" (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 § 11-105-602 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.