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2017 Colorado Revised Statutes
Title 11 - Financial Institutions
Banks
Article 109 - Trust Companies
Part 6 - Offenses, Penalties, Removal, Suspension, and Enforcement
§ 11-109-607. Receipt of deposits while insolvent
Universal Citation: CO Rev Stat ยง 11-109-607 (2017)
It is a criminal offense if a trust company receives any deposit while insolvent, or an officer, director, or employee knows or, in the proper performance of his or her duty should know, of such insolvency and receives or authorizes the receipt of such deposit, and if such trust company or person has knowingly concealed or misstated material facts regarding the insolvency of the trust company from or to the banking board, commissioner, or division of banking.
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