Any person who willfully makes, circulates, or transmits to another any false statement, written or oral, that is directly or by inference derogatory to the financial condition of any state bank and that results in an extraordinary withdrawal of funds from such bank or that results in impairing public confidence in such bank and any person who shall counsel, aid, procure, or induce another to start, transmit, or circulate any such statement knowing the statement to be false commits a class 2 misdemeanor and shall be punished as provided in section 18-1.3-501, C.R.S.
Source: L. 2003: Entire article added with relocations, p. 1079, § 3, effective July 1.
Editor's note: This section is similar to former § 11-2-122 as it existed prior to 2003.
Structure Colorado Code
Title 11 - Financial Institutions
Article 102 - Division of Banking
Part 5 - Conflicts of Interest, Penalties, Removal, Suspension, Enforcement
§ 11-102-501. Banking Interests of Officers and Employees
§ 11-102-502. Exemption From Liability - When
§ 11-102-503. Assessment of Civil Money Penalties by Banking Board
§ 11-102-504. No Indemnification or Insurance Against Civil Money Penalties
§ 11-102-505. Removal of Director, Officer, or Other Person
§ 11-102-506. Suspension of Director, Officer, or Other Person
§ 11-102-507. Informal Enforcement Authority
§ 11-102-508. Statements Derogatory to State Banks - Penalty