No person who in good faith relies on any order or rule of the banking board shall be subjected to any civil or criminal liability for any act or omission to act, notwithstanding a subsequent decision by a court invalidating any such order or rule.
Source: L. 2003: Entire article added with relocations, p. 1067, § 3, effective July 1.
Editor's note: This section is similar to former § 11-2-104.5 as it existed prior to 2003.
Structure Colorado Code
Title 11 - Financial Institutions
Article 102 - Division of Banking
§ 11-102-201. Hearing Officers - Powers - Procedure - Order Final
§ 11-102-202. Subpoenas - Witnesses - Production of Records
§ 11-102-203. Effect of Good Faith Reliance on Orders or Rules of Banking Board
§ 11-102-203.5. Independent Administrative Review of Material Supervisory Determinations - Rules