It is a criminal offense for a state bank to pay a fine, or penalty imposed by law upon any other person, or any judgment against such person, or to reimburse directly or indirectly any person by whom such fine, penalty, or judgment has been paid, except in settlement of its own liability or in connection with the acquisition of property against which such judgment is a lien or as provided in section 11-103-602.
Source: L. 2003: Entire article added with relocations, p. 1136, § 3, effective July 1.
Editor's note: This section is similar to former § 11-11-106 as it existed prior to 2003.
Structure Colorado Code
Title 11 - Financial Institutions
Article 107 - Criminal Offenses
§ 11-107-101. Unauthorized Conduct of Banking Business
§ 11-107-102. Receipt of Deposits While Insolvent
§ 11-107-103. Unlawful Service as Officer or Director
§ 11-107-104. Unlawful Gratuity, Compensation, or Transactions
§ 11-107-105. Unlawful Concealment of Transactions
§ 11-107-106. Unlawful Payment of Penalties and Judgment Against Others
§ 11-107-107. Embezzlement or Misapplication of Funds
§ 11-107-108. Unlawful Acts or Omissions - Penalties