Legal Opinion

Banking Board v. Columbine State Bank

Supreme Court of Colorado

Decided September 19, 1977No. C-1039PublishedCited by 6 opinions

1Opinion of the CourtJustice Kelley

We granted certiorari to answer the following questions:(1) Does a stock subscription agreement conditioned upon the approval of the board of governors of the federal reserve system satisfy the requirement of the Colorado Banking Code of 1957 1 that the stock of a proposed commercial bank be “fully subscribed”? 2(2) Are the state banking board and state bank commissioner required to determine, as a part of their chartering duties, that applicants for a commercial bank charter have complied with the provisions of the federal Bank Holding Company Act of 1956? 3

We answer question one in the…

2Cases cited5 opinions

  1. Whitney National Bank in Jefferson Parish v. Bank of New Orleans & Trust Co.Supreme Court of the United States · 1965
  2. Goldy v. CraneSupreme Court of Colorado · 1968
  3. Goldy v. HenrySupreme Court of Colorado · 1968
  4. People Ex Rel. Dunbar v. Trinidad State Junior CollegeSupreme Court of Colorado · 1974
  5. Academy Boulevard Bank v. Banking BoardColorado Court of Appeals · 1971

3Cited by6 opinions

  1. First National Bank of Worland v. Financial Institutions BoardWyoming Supreme Court · 1980
  2. State Banking Board v. First State Bank of GainesvilleCourt of Appeals of Texas · 1981
  3. First National Bank of Worland v. Financial Institutions BoardWyoming Supreme Court · 1980
  4. Mizel v. Banking BoardSupreme Court of Colorado · 1978
  5. Mizel v. Banking BoardSupreme Court of Colorado · 1978

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