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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 18. Criminal Code § 18-5-210. Receiving deposits in a failing financial institution - last updated January 01, 2025 | https://codes.findlaw.com/co/title-18-criminal-code/co-rev-st-sect-18-5-210/
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