# C.R.S. § 11-103-810: 11-103-810. Preapproved shelf charter

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-810

## Section

- **Citation:** C.R.S. § 11-103-810
- **Heading:** 11-103-810. Preapproved shelf charter
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 11 / Article 103 / Part 8 / Section 11-103-810

## Text

11-103-810. Preapproved shelf charter. The board may preapprove a shelf charter for a new bank to qualified individuals, contingent upon the new bank completing all specified requirements and purchasing the assets and assuming the liabilities of a bank in receivership as the federal deposit insurance corporation may determine, if the proposed bank has its principal place of business in Colorado and has assets and liabilities held in receivership by the federal deposit insurance corporation. The shelf charter may be preapproved and summarily issued without publication of a notice, without the holding of a public hearing, and without complying with all of the other provisions and procedures specified in this code. Upon federal deposit insurance corporation approval of the purchase and assumption by the new bank, the final charter approval may be granted, together with final approval of deposit insurance by the federal deposit insurance corporation. If the bid is not accepted by the federal deposit insurance corporation, the charter remains on the shelf for up to eighteen months. During that time, the charter may be used for other bids.

## Nearby sections

- [C.R.S. § 11-103-801 11-103-801. Voluntary liquidation and dissolution](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-801.md)
- [C.R.S. § 11-103-802 11-103-802. Involuntary liquidation by banking board - reorganization](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-802.md)
- [C.R.S. § 11-103-803 11-103-803. Reorganization plan](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-803.md)
- [C.R.S. § 11-103-804 11-103-804. Liquidation by commissioner - procedure](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-804.md)
- [C.R.S. § 11-103-805 11-103-805. Federal deposit insurance corporation or successor as liquidator](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-805.md)
- [C.R.S. § 11-103-806 11-103-806. Assets sold or pledged as security](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-806.md)
- [C.R.S. § 11-103-807 11-103-807. Enforcement of directors' liability](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-807.md)
- [C.R.S. § 11-103-808 11-103-808. Emergency grant of new charter](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-808.md)
- [C.R.S. § 11-103-809 11-103-809. Emergency grant of branch facility - legislative declaration](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-809.md)
- [C.R.S. § 11-103-810 11-103-810. Preapproved shelf charter](https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-810.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T11_A103_P8_S11-103-810. Check the current official text before relying on it. Not legal advice.