§ 7-48-102 — Definitions

Colorado § 7-48-102

• Jurisdiction: Colorado
• Title 07: Corporations
• Art.: Business Development Corporations

Text

As used in this article, unless the context otherwise
requires:

(1) Board of directors means the board of directors of a corporation created
under this article.

(2) Corporation means a Colorado business development corporation
created under the provisions of this article.

(3) Financial institution means any bank, trust company, savings and loan
association, public or private pension or retirement fund, insurance company or
related corporation, partnership, foundation, or other institution engaged in lending
or investing funds.

(4) Loan limit for any member means the maximum amount permitted to be
outstanding at one time on loans made by such member to a corporation as
determined under the provisions of this article.

(5) Member means any financial institution which undertakes to lend
money to a corporation created under this article, upon its call and in accordance
with the provisions of this article.

Legislative History

Source: L. 65: p. 447, � 1. C.R.S. 1963: � 31-23-2. L. 2013: (3) amended, (SB 13-154), ch. 282, p. 1469, � 23, effective July 1.