No indemnification or insurance against civil money penalties

C.R.S. § 11-102-504
in effect
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11-102-504. No indemnification or insurance against civil money penalties. Notwithstanding any other provision of law, no state bank shall indemnify or insure any executive officer, director, employee, agent, or person participating in the conduct of affairs of such bank against civil money penalties.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-11.docx#11-102-504Fetched: 10/6/2026

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