It is a criminal offense for any officer, director, shareholder, or employee of any bank to directly or indirectly embezzle, abstract, or misapply, or cause to be embezzled, abstracted, or misapplied, any of the funds or securities or other property of or under the control of the bank with intent to deceive, injure, cheat, wrong, or defraud any person.
Source: L. 2003: Entire article added with relocations, p. 1136, § 3, effective July 1.
Editor's note: This section is similar to former § 11-11-107 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