Title 11, Financial Institutions
0 chapters · 699 sections in this title.
Colo. Rev. Stat. § 11-44-113 Procedure under court order
2.3K chars
(1) The commissioner may retain possession of a savings and loan association for the purpose of liquidating its affairs, but before doing so, the commissioner shall furnish a bond, executed by a surety company authorized to do business in this state and running to the people of t…
Colo. Rev. Stat. § 11-44-114 Noncompliance with orders - penalty
0.9K chars
If the commissioner demands possession of the property, business, and assets of any association, pursuant to section 11-44-110, the refusal of any officer, agent, employee, or director of such association to comply with such demand constitutes a class 2 misdemeanor; and, if such …
Colo. Rev. Stat. § 11-44-115 Officers to furnish schedule of property
1.1K chars
(1) Upon taking possession of the property, business, and assets of an association, the commissioner shall require the president and secretary of the association to: (a) Make a schedule of all of the association's property and assets and all collateral held by the association as …
Colo. Rev. Stat. § 11-44-116 Liquidation powers of commissioner
8.5K chars
(1) In liquidating the affairs of an association, the commissioner may: (a) Collect all money due to and all claims of the association and give full receipt for the money and claims; (b) Release or reconvey all real or personal property pledged, hypothecated, or transferred in tr…
Colo. Rev. Stat. § 11-44-117 Setoffs
0.4K chars
Credits on loan shares of all persons indebted to any savings and loan association in the possession of the commissioner, whether the indebtedness is due or to become due, shall be applied by the commissioner on account of the indebtedness. Source: L. 33: p. 349, � 16. CSA: C. 25…
Colo. Rev. Stat. § 11-44-118 Commissioner and deputy not to accept gifts
0.7K chars
Neither the commissioner nor the commissioner's deputy shall receive or accept any bribe, gratuity, or reward from any person or association for any purpose or knowingly and willfully make any false or fraudulent report of the condition of any association for any purpose. One or …
Colo. Rev. Stat. § 11-44-119 Association's right to resort to court
0.6K chars
Nothing in articles 40 to 46 of this title shall be construed to prevent an association or person affected by any order, ruling, proceeding, act, or action of the commissioner or the financial services board or any person acting on behalf and at the instance of the commissioner o…
Colo. Rev. Stat. § 11-44-120 Records of commissioner
1.2K chars
(1) The commissioner shall maintain annually revised summaries disclosing: (a) The names of the officers and directors of all savings and loan associations doing business in the state during the preceding year; (b) The financial condition of the savings and loan associations, inc…
Colo. Rev. Stat. § 11-44-121 Commissioner may destroy records. (Repealed)
0.1K chars
Source: L. 55: p. 764, � 11. CRS 53: � 122-6-21. C.R.S. 1963: � 122-5-21. L. 2004: Entire section repealed, p. 140, � 25, effective July 1.
Colo. Rev. Stat. § 11-44-122 Waiver of membership or stockholder voting
0.9K chars
Notwithstanding any other provision of state law, whenever the commissioner finds that it is necessary to effect a merger, consolidation, purchase and assumption agreement, conversion to stock association, conversion to mutual association, conversion to federal association, or co…
Colo. Rev. Stat. § 11-44-123 Assessment of civil money penalties
3.5K chars
(1) (a) After notice and a hearing as provided in article 4 of title 24, C.R.S., and after making a determination that no other appropriate governmental agency has taken similar action against such person for the same act or practice, the commissioner may assess and collect a civ…
Colo. Rev. Stat. § 11-44-124 Repeal of article - review of functions
0.3K chars
This article 44 is repealed, effective September 1, 2033. Before the repeal, the division and the board are scheduled for review in accordance with section 24-34-104. Source: L. 2024: Entire section added, (HB 24-1381), ch. 350, p. 2362, � 2, effective August 7.
Colo. Rev. Stat. § 11-45-101 Conversion into federal association
1.8K chars
(1) Any savings and loan association or other home-financing organization, by whatever name or style it may be designated, that is eligible to become a federal savings and loan association may convert itself into a federal savings and loan association by the following procedure: …
Colo. Rev. Stat. § 11-45-102 Effect of conversion
1.4K chars
At the time when such conversion becomes effective, such association shall cease to be supervised by this state, and all of the property of such association, including all of its right, title, and interest in and to all property of every kind and character, whether real, personal…
Colo. Rev. Stat. § 11-45-103 Conversion into state association
1.7K chars
(1) Any federal savings and loan association may convert itself into an association under articles 40 to 46 of this title 11 by the majority vote of all members present in person or by proxy at an annual meeting or at any special meeting called to consider the action. Copies of t…
Colo. Rev. Stat. § 11-46-101 Definitions
0.8K chars
As used in this article, unless the context otherwise requires: (1) Fiduciary means any person as defined in section 15-1-103 (2), C.R.S. (2) Lease means the contract between lessor and lessee governing the use, payment, and other terms and conditions with regard to a safe deposi…
Colo. Rev. Stat. § 11-46-102 Safe deposit boxes
0.6K chars
Any savings and loan associations organized under articles 40 to 46 of this title and any federal savings and loan associations organized under the Home Owners' Loan Act of 1933, as amended, except to the extent that laws, rules, and regulations under which they operate are incon…
Colo. Rev. Stat. § 11-46-103 Lease to natural persons
0.4K chars
A lessor may lease a safe deposit box to any natural person and, in connection therewith, deal with such person without liability until there is filed with such lessor a certified copy of any order of a Colorado court indicating that such person is under a legal disability and di…
Colo. Rev. Stat. § 11-46-104 Leases to joint tenants
0.8K chars
(1) Any lessor may lease a safe deposit box to one or more natural persons as joint tenants, and any one of such joint tenants shall have the right of access to such safe deposit box. (2) Upon the death of any joint tenant, the provisions of section 15-10-111, C.R.S., and of this…
Colo. Rev. Stat. § 11-46-105 Access by fiduciaries
0.7K chars
(1) Where a safe deposit box is made available by a lessor to one or more persons acting as fiduciaries, the lessor may, except as otherwise expressly provided in the lease or the instrument of authority pursuant to which such fiduciaries are acting and copies of which have been …
Colo. Rev. Stat. § 11-46-106 Effect of lessee's death or incompetence
0.7K chars
If a lessor, without written notice or actual knowledge of the death or of a determination of legal incompetence of the lessee, deals with the lessee or the lessee's agent pursuant to a written power of attorney signed by the lessee, the transaction binds the lessor and the estat…
Colo. Rev. Stat. § 11-46-107 Search procedure on death
0.2K chars
The provisions of section 15-10-111, C.R.S., shall apply to the search procedure of a safe deposit box on the death of a lessee. Source: L. 59: p. 666, � 7. CRS 53: � 122-8-7. C.R.S. 1963: � 122-7-7. L. 73: p. 1650, � 16.
Colo. Rev. Stat. § 11-46-108 Adverse claims to contents of safe deposit box
1.3K chars
(1) A lessor shall not deny access to a safe deposit box to a lessee unless the lessee's claim is adverse within the terms of this section. A claim is adverse when: (a) The lessor is directed to deny access by a court order issued in an action in which the lessee is served with p…
Colo. Rev. Stat. § 11-46-109 Nonpayment of rent
0.5K chars
If the rental on a safe deposit box has not been paid for one year after it is due, the lessor may petition a court of competent jurisdiction to make disposition of the contents of such safe deposit box, and the lessor shall have the right to claim and accept any proceeds from su…
Colo. Rev. Stat. § 11-47-101 Short title
0.2K chars
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
0.9K chars
(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
8.6K chars
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
0.7K chars
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
1.0K chars
(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)
0.6K chars
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)
0.1K chars
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
1.0K chars
(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
1.4K chars
(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)
0.5K chars
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
0.5K chars
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
3.4K chars
(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
2.8K chars
(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)
0.1K chars
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)
0.4K chars
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)
0.5K chars
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)
2.3K chars
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
1.8K chars
(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
0.4K chars
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
1.0K chars
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…
Colo. Rev. Stat. § 11-48-100.3 Definitions
1.4K chars
As used in this article 48, unless the context otherwise requires: (1) Communications facility means an attended or unattended electronic information processing device, other than an ordinary telephone instrument, located in this state separate and apart from a financial institut…
Colo. Rev. Stat. § 11-48-101 Applicability
0.6K chars
This article 48 applies to any savings and loan association organized under article 41 of this title 11 or under federal law and having its principal office in this state and any credit union organized under article 30 of this title 11 or federal law and having its principal offi…
Colo. Rev. Stat. § 11-48-102 Limitations
0.4K chars
This article shall be construed to authorize any financial institution to engage in electronic funds transfers only to the extent of transactions authorized in applicable law governing such institutions. The provisions of this article shall govern as to communications facilities …
Colo. Rev. Stat. § 11-48-103 Communications facility. (Repealed)
0.2K chars
Source: L. 77: Entire article added, p. 553, � 3, effective May 20. L. 2025: Entire section repealed, (SB 25-275), ch. 377, p. 2109, � 336, effective August 6. Editor's note: This section was relocated to � 11-48-100.3 (1) in 2025.
Colo. Rev. Stat. § 11-48-104 No operation by financial institution employees
0.8K chars
No communications facility located separate and apart from a financial institution shall be operated by an employee or agent of any financial institution, and no agent or employee of the retailer where a facility is located who operates it shall be deemed to be the agent or emplo…
Colo. Rev. Stat. § 11-48-105 Sharing
1.1K chars
(1) A financial institution shall make any communications facility available to any similar financial institution for the use of its account holders on the basis of fair, equitable, and nondiscriminatory standards and charges. For purposes of this section, a savings and loan asso…