Colorado Code
Part 4 - Records, Reporting, and Information
§ 11-109-401. Acquisition of Majority Control Over an Existing Trust Company - Definitions



















(I) That the person proposing to acquire control is qualified by character, experience, and financial responsibility to control the trust company in a legal and proper manner;
(II) That the interests of the public generally will not be jeopardized by the proposed acquisition; and
(III) That the person proposing to acquire control has satisfied the requirements of this section and the other provisions of this article.











Source: L. 2003: Entire article added with relocations, p. 1188, § 3, effective July 1.
Editor's note: This section is similar to former § 11-23-115 as it existed prior to 2003.

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Structure Colorado Code

Colorado Code

Title 11 - Financial Institutions

Article 109 - Trust Companies

Part 4 - Records, Reporting, and Information

§ 11-109-401. Acquisition of Majority Control Over an Existing Trust Company - Definitions

§ 11-109-402. Reports to the Banking Board and to the Commissioner