Legislative declaration.

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(1) The general assembly finds, determines, and declares that distinctions in function and services of various types of financial institutions have become so narrow that organizational and operational equality should be encouraged and facilitated in this state. It is the intent of the general assembly to enact legislation that will promote the safety and soundness of financial institutions for the benefit of the public, improve efficiency for the economic operation of those financial institutions, and ensure that the state of Colorado, by its appropriate action, will continue its control of those financial institutions within its jurisdiction.

(2) Repealed.

Source: L. 2003: Entire article added with relocations, p. 1127, § 3, effective July 1. L. 2004: (2) repealed, p. 147, § 44, effective July 1.

Editor's note: This section is similar to former § 11-25-101 as it existed prior to 2003.


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