Colorado § 11-30-113 Minors

Colorado Statutes

§ 11-30-113 — Minors

Colorado·Title 11 Financial·Art. Credit Unions - General Provisions

Shares may be issued and deposits received in the name
of a minor. A member who is a minor may withdraw or pledge any shares owned by
the minor and receive from the credit union any dividends or other money at any
time the dividends or other money becomes due, in the same manner and subject to
the same conditions as an adult, and any receipt or acquittance signed by the minor
constitutes a valid release and discharge to the credit union for the payment of
such money. The board of directors of the credit union may provide in the bylaws of
the credit union a minimum age of any minor to be eligible for membership in the
credit union and to vote at any meeting of the members.

Free access — add to your briefcase to read the full text and ask questions with AI

Shares may be issued and deposits received in the name
of a minor. A member who is a minor may withdraw or pledge any shares owned by
the minor and receive from the credit union any dividends or other money at any
time the dividends or other money becomes due, in the same manner and subject to
the same conditions as an adult, and any receipt or acquittance signed by the minor
constitutes a valid release and discharge to the credit union for the payment of
such money. The board of directors of the credit union may provide in the bylaws of
the credit union a minimum age of any minor to be eligible for membership in the
credit union and to vote at any meeting of the members.

Colorado § 11-30-113 (Minors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 31: p. 302, � 13. CSA: C. 47, � 13. L. 41: p. 376, � 13. CRS 53: � 38-1-13. C.R.S. 1963: � 38-1-13. L. 67: p. 320, � 11. L. 2024: Entire section amended, (HB 24-1381), ch. 350, p. 2367, � 15, effective August 7.