Colorado § 11-43-101 Restrictions on foreign associations

Colorado Statutes

§ 11-43-101 — Restrictions on foreign associations

Colorado § 11-43-101

Title 11Financial

Art.Foreign Savings and Loan Associations

This text of Colorado § 11-43-101 (Restrictions on foreign associations) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 11-43-101 (2026).

Text

No foreign savings and loan
association which conducts a savings and loan business as defined in section 11-40-103 shall operate an office in this state in order to sell its shares or accounts or
make new loans in this state. Violation of this section is a class 2 misdemeanor
which shall subject the offender and its officers, agents, and representatives, upon
conviction thereof, to the penalties which are authorized in section 18-1.3-501 (1),
C.R.S., and each separate business transaction in violation of this section shall
constitute a separate offense; but nothing in this section shall be construed to
prohibit a foreign association from transacting business in respect to executory
contracts in force on May 17, 1939.

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No foreign savings and loan
association which conducts a savings and loan business as defined in section 11-40-103 shall operate an office in this state in order to sell its shares or accounts or
make new loans in this state. Violation of this section is a class 2 misdemeanor
which shall subject the offender and its officers, agents, and representatives, upon
conviction thereof, to the penalties which are authorized in section 18-1.3-501 (1),
C.R.S., and each separate business transaction in violation of this section shall
constitute a separate offense; but nothing in this section shall be construed to
prohibit a foreign association from transacting business in respect to executory
contracts in force on May 17, 1939.

Legislative History

Source: L. 33: p. 324, � 1. CSA: C. 25, � 35. L. 39: p. 242, � 15. CRS 53: � 122-4-1. C.R.S. 1963: � 122-4-1. L. 88: Entire section amended, p. 455, � 2, effective March 18. L. 2002: Entire section amended, p. 1471, � 40, effective October 1.