Colorado statute
C.R.S. § 18-5-210 — Receiving deposits in a failing financial institution.
Current through 2025 Regular Session
Part of Part 2: FRAUD IN OBTAINING PROPERTY OR SERVICES, Colorado Revised Statutes.
Criminal charges under this statute
Full text of C.R.S. § 18-5-210
Statutory text current through the 2025 Regular Session. This is an officially sanctioned publication using the official text of the Colorado Revised Statutes; it is not the official statutes of the State of Colorado.
A person commits a class 6 felony if, as an officer, manager, or other person participating in the direction of a financial institution, he knowingly receives or permits the receipt of a deposit or investment, knowing that the institution is insolvent. A financial institution is insolvent within the meaning of this section when from any cause it is unable to pay its obligations in the ordinary or usual course of business or its liabilities exceed its assets.
Official sources
Legal terms used in this section
Questions this section answers
Is receiving deposits in a failing financial institution a felony or a misdemeanor in Colorado?
Receiving deposits in a failing financial institution is a class 6 felony in Colorado under C.R.S. § 18-5-210.
Which Colorado statute covers receiving deposits in a failing financial institution?
Receiving deposits in a failing financial institution is governed by C.R.S. § 18-5-210 (Receiving deposits in a failing financial institution).
This reference is informational and is not legal advice.