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Colorado Banking Amendment, Initiative 5 (1980)

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Colorado Amendment 5 (1980) was an initiated constitutional amendment, regarding branch banking, in November 4, 1980 election ballot in Colorado, where it was defeated.

Election results

Initiative 5
ResultVotesPercentage
Defeatedd No850,45474.4%
Yes 292,323 25.6%

Election Results from: State Legislative Council, Ballot History


Text of measure

Shall a bank be permitted to establish one or more branch banking facilities separate from the principal office of the bank anywhere in the state if the Banking Board determines that the proposed branch will serve the public need and convenience in the community or area to be served, all administrative costs of filing and processing an application for a branch to be paid by the applicant bank?[1]

See also

References


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