Among its other powers, the federal deposit insurance corporation, in the performance of its powers and duties as such liquidator, has the right and power, upon the order of a court of record of competent jurisdiction, to enforce the individual liability of the directors of any such banking institution.
Source: L. 2003: Entire article added with relocations, p. 1108, § 3, effective July 1.
Editor's note: This section is similar to former § 11-5-107 as it existed prior to 2003.
Structure Colorado Code
Title 11 - Financial Institutions
Article 103 - Organization and Corporate Functions
Part 8 - Liquidation, Dissolution, and Reorganization
§ 11-103-801. Voluntary Liquidation and Dissolution
§ 11-103-802. Involuntary Liquidation by Banking Board - Reorganization
§ 11-103-803. Reorganization Plan
§ 11-103-804. Liquidation by Commissioner - Procedure
§ 11-103-805. Federal Deposit Insurance Corporation or Successor as Liquidator
§ 11-103-806. Assets Sold or Pledged as Security
§ 11-103-807. Enforcement of Directors' Liability
§ 11-103-808. Emergency Grant of New Charter
§ 11-103-809. Emergency Grant of Branch Facility - Legislative Declaration