Colorado § 11-30-125 Notice of branch opening and closing

Colorado Statutes

§ 11-30-125 — Notice of branch opening and closing

Colorado § 11-30-125

Title 11Financial

Art.Credit Unions - General Provisions

This text of Colorado § 11-30-125 (Notice of branch opening and closing) 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. § 11-30-125 (2026).

Text

(1)A credit union that has its principal place of business in this state may establish one or more new branches anywhere in this state or in any other state thirty days after providing written notice to the commissioner.

(2)No later than ninety days prior to the proposed date of any branch closing, a notice of branch closing shall be filed with the commissioner. The notice of branch closing shall include a detailed statement of the reasons for the decision to close the branch and statistical or other information in support of such reasons.

(3)The commissioner may enter into agreements with other state credit union regulators for the purposes of examination and supervision of out-of-state offices.

(4)Nothing in this section may be construed to supersede any requirement set f

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(1) A credit union that has
its principal place of business in this state may establish one or more new branches
anywhere in this state or in any other state thirty days after providing written notice
to the commissioner.

(2) No later than ninety days prior to the proposed date of any branch
closing, a notice of branch closing shall be filed with the commissioner. The notice
of branch closing shall include a detailed statement of the reasons for the decision
to close the branch and statistical or other information in support of such reasons.

(3) The commissioner may enter into agreements with other state credit
union regulators for the purposes of examination and supervision of out-of-state
offices.

(4) Nothing in this section may be construed to supersede any requirement
set forth in section 11-30-101.7.

Legislative History

Source: L. 2004: Entire section added, p. 135, � 11, effective July 1. L. 2020: (1) amended and (3) and (4) added, (SB 20-068), ch. 152, p. 654, � 1, effective September 14.