1. (1) It is hereby declared to be the policy of the state of Colorado that, to protect the public interest, the business of all state banks be supervised and regulated in such manner as to:

   1. (a) Preserve and promote:

      1. (I) Sound and constructive competition among financial services institutions;
      2. (II) A dual federal and state banking system;
      3. (III) The security of deposits;
      4. (IV) The safe and sound conduct of the business of state banks; and
      5. (V) A statewide safe and sound banking system;

   2. (b) Seek:

      1. (I) Regulatory coordination and cooperation; and
      2. (II) Regulatory parity among financial services institutions; and
   3. (c) Encourage diversity in financial products and services.

Source: L. 2003: Entire article added with relocations, p. 1051, § 3, effective July 1.

Editor's note: This section is similar to former § 11-1-101.5 as it existed prior to 2003.