Colorado § 11-110-1001 - Net worth.
Full text of Colorado Colorado Revised Statutes § 11-110-1001 — Net worth., with citation guidance and answers to common questions.
§ 11-110-1001. Net worth.
(1) A licensee licensed pursuant to this article 110 shall maintain at all times a tangible net worth of the greater of one hundred thousand dollars or three percent of total assets for the first one hundred million dollars, two percent of additional assets for one hundred million dollars to one billion dollars, and one-half of one percent of additional assets for over one billion dollars.
(2) Tangible net worth required by subsection (1) of this section must be demonstrated at initial application by the applicant's most recent audited or unaudited financial statements pursuant to section 11-110-503 (2)(f).
(3) Notwithstanding subsections (1) and (2) of this section, the banking board may, for good cause shown, exempt, in part or in whole, an applicant or licensee from the requirements set forth in this section.
Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 404, § 1, effective August 6.
Frequently Asked Questions About Colorado § 11-110-1001
What does Colorado Revised Statutes § 11-110-1001 cover?
Section 11-110-1001 ("Net worth.") 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 § 11-110-1001?
A common citation format is "Colorado Revised Statutes § 11-110-1001" (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 § 11-110-1001 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.