Colorado § 11-30-116 Loans

Colorado Statutes

§ 11-30-116 — Loans

Colorado § 11-30-116

Title 11Financial

Art.Credit Unions - General Provisions

This text of Colorado § 11-30-116 (Loans) 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. § 11-30-116 (2026).

Text

A credit union may make loans to members subject to the
provisions of this article and the bylaws of the credit union. A borrower may repay a
loan in whole or in part any day the office of the credit union is open for business. A
credit union may make loans to its own directors, credit officers, or members of its
own supervisory committee or credit committee, but no such loan or aggregate of
loans to any one director, credit officer, or committee member that exceeds twenty
thousand dollars plus pledged shares may be made unless approved by the board
of directors.

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A credit union may make loans to members subject to the
provisions of this article and the bylaws of the credit union. A borrower may repay a
loan in whole or in part any day the office of the credit union is open for business. A
credit union may make loans to its own directors, credit officers, or members of its
own supervisory committee or credit committee, but no such loan or aggregate of
loans to any one director, credit officer, or committee member that exceeds twenty
thousand dollars plus pledged shares may be made unless approved by the board
of directors.

Legislative History

Source: L. 31: p. 303, � 16. CSA: C. 47, � 16. L. 41: p. 376, � 16. L. 51: p. 315, � 5. L. 53: p. 239, � 2. CRS 53: � 38-1-16. C.R.S. 1963: � 38-1-16. L. 67: p. 320, � 13. L. 83: Entire section amended, p. 485, � 7, effective July 1. L. 84: Entire section amended, p. 375, � 8, effective July 1. L. 87: Entire section amended, p. 464, � 1, effective May 8. L. 2004: Entire section amended, p. 131, � 6, effective July 1.