Title 11, Financial Institutions
0 chapters · 699 sections in this title.
Colo. Rev. Stat. § 11-47-101 Short title
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This article shall be known and may be cited as the Savings and Loan Association Public Deposit Protection Act. Source: L. 75: Entire article added, p. 399, � 1, effective July 1.
Colo. Rev. Stat. § 11-47-102 Legislative declaration
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(1) The general assembly declares that the purpose of this article is to provide protection of public moneys on deposit in state-chartered and federally chartered savings and loan associations in this state above and beyond the protection provided by the federal deposit insurance…
Colo. Rev. Stat. § 11-47-103 Definitions
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As used in this article, unless the context otherwise requires: (1) Affected governmental unit means any governmental unit whose deposits of public moneys are affected by an event of default. (2) Capital funds means, with respect to any eligible public depository, the aggregate s…
Colo. Rev. Stat. § 11-47-104 Administration - powers of commissioner and financial services board
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The provisions of this article shall be administered by the commissioner under the supervision of the financial services board. The financial services board and the commissioner shall have the authority to do all acts necessary and required to carry out the purpose of this articl…
Colo. Rev. Stat. § 11-47-105 Acceptance of provisions - designation as eligible public depository
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(1) Every state-chartered savings and loan association and every federally chartered savings and loan association having an office in this state that is otherwise eligible to be an eligible public depository and that desires to accept and hold public deposits in an amount in exce…
Colo. Rev. Stat. § 11-47-106 Minimum amount of eligible collateral required to be maintained as security for public deposits. (Repealed)
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C.R.S. 11-47-106Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services…
Colo. Rev. Stat. § 11-47-107 Eligible collateral - when required to be maintained. (Repealed)
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Source: L. 75: Entire article added, p. 402, � 1, effective July 1. L. 2004: Entire section repealed, p. 142, � 32, effective July 1.
Colo. Rev. Stat. § 11-47-108 Method of securing public deposits
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(1) Except as provided in section 11-47-112 (6)(a), any eligible public depository shall secure public deposits accepted and held by it by pledging eligible collateral having a market value, at all times, equal to at least one hundred percent of the aggregate of said deposits not…
Colo. Rev. Stat. § 11-47-109 Where collateral held - right of substitution - income derived
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(1) The eligible collateral required to be pledged as provided in section 11-47-108 shall be held in escrow by another savings and loan association in Colorado, by a state or national bank in Colorado, or by any federal home loan bank or branch thereof or any federal reserve bank…
Colo. Rev. Stat. § 11-47-110 Subsequent elections upon approval of commissioner. (Repealed)
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C.R.S. 11-47-110Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services…
Colo. Rev. Stat. § 11-47-111 Reports required - when filed - contents
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On a date specified by the commissioner, every eligible public depository shall file a report with the commissioner that contains such information as required by the commissioner. The commissioner may require more frequent reports from eligible public depositories. Source: L. 75:…
Colo. Rev. Stat. § 11-47-112 Power and authority of financial services board
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(1) The commissioner shall have specific power and authority to require any eligible public depository to furnish, at any time, such information as the commissioner may request or demand concerning the amount of public deposits held by it, the portion thereof that is insured by t…
Colo. Rev. Stat. § 11-47-113 Procedure when event of default occurs
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(1) When the commissioner has determined that an event of default has occurred with respect to any eligible public depository and has determined and fixed the date of such occurrence, he or she shall proceed in the following manner: (a) He shall forthwith seize and take possessio…
Colo. Rev. Stat. § 11-47-114 Assessments made - exceptions. (Repealed)
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Source: L. 75: Entire article added, p. 404, � 1, effective July 1. L. 2004: Entire section repealed, p. 145, � 38, effective July 1.
Colo. Rev. Stat. § 11-47-115 When assessments payable - procedure if not paid. (Repealed)
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Source: L. 75: Entire article added, p. 405, � 1, effective July 1. L. 2004: Entire section repealed, p. 145, � 39, effective July 1. 11-47-116. Disposition of assessments - subrogation of claims - expenses. (Repealed) Source: L. 75: Entire article added, p. 405, � 1, effective J…
Colo. Rev. Stat. § 11-47-116 Disposition of assessments - subrogation of claims - expenses. (Repealed)
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C.R.S. 11-47-116Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services…
Colo. Rev. Stat. § 11-47-117 No impairment of obligations. (Repealed)
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Source: L. 75: Entire article added, p. 405, � 1, effective July 1. L. 2004: Entire section repealed, p. 146, � 41, effective July 1. 11-47-118. Public moneys to be deposited only in eligible public depositories - penalty for violation. (1) It shall be unlawful for any public mon…
Colo. Rev. Stat. § 11-47-118 Public moneys to be deposited only in eligible public depositories - penalty for violation
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(1) It shall be unlawful for any public moneys to be deposited in any state-chartered savings and loan association, or in any federally chartered savings and loan association having its principal office in this state, other than one that has been designated by the commissioner as…
Colo. Rev. Stat. § 11-47-119 Liability of officials of governmental units
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No official of a governmental unit who acted in good faith in selecting, designating, or approving any eligible public depository for the deposit of public moneys in his custody or under his control shall be liable for any loss of public moneys deposited therein by reason of the …
Colo. Rev. Stat. § 11-47-120 Authority to accept deposits - acceptance of insured deposits
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Any state-chartered savings and loan association, or any federally chartered savings and loan association having its principal office in this state that is authorized by the laws of this state or of the United States to accept deposit accounts or savings deposits, is authorized t…