Colorado § 11-40-105 File annual reports

Colorado Statutes

§ 11-40-105 — File annual reports

Colorado·Title 11 Financial·Art. Savings and Loan Association Law

(1)On or before February 1 in each year, every association shall make an annual written report to the commissioner, in a form to be prescribed by the commissioner, of its affairs and operations for the twelve months ending on December 31 of the previous year.

(2)If an association fails to file a report as described in subsection (1) of this section, or if the report is delayed or withheld beyond the day when the report should be filed, the association shall pay the sum of ten dollars for every day the report is withheld or delayed or not completed, and any member of any association or any party in interest may maintain an action in the member's or other party's own name to receive the penalty, and the penalty shall be paid to the state treasurer.

(3)(a) Every association, on o

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(1) On or before February 1 in each year,
every association shall make an annual written report to the commissioner, in a
form to be prescribed by the commissioner, of its affairs and operations for the
twelve months ending on December 31 of the previous year.

(2) If an association fails to file a report as described in subsection (1) of this
section, or if the report is delayed or withheld beyond the day when the report
should be filed, the association shall pay the sum of ten dollars for every day the
report is withheld or delayed or not completed, and any member of any association
or any party in interest may maintain an action in the member's or other party's own
name to receive the penalty, and the penalty shall be paid to the state treasurer.

(3) (a) Every association, on or before the first day of the third calendar
month after the end of its fiscal year, shall mail to each member or may, at its
option, publish in a newspaper of general circulation a report in a form prescribed
or approved by the commissioner of its financial condition, setting forth a statement
of its assets, liabilities, and reserves in the form of a statement of condition.

(b) Paragraph (a) of this subsection (3) shall take effect July 1, 1973, and
shall apply to loans or contracts for loans entered into on or after that date.
Nothing in this subsection (3) shall be deemed to affect loans or contracts for loans
entered into prior to July 1, 1973.

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Legislative History

Source: L. 33: p. 355, � 11. CSA: C. 25, � 79. L. 39: p. 252, � 27. CRS 53: � 122-1-5. C.R.S. 1963: � 122-1-5. L. 67: p. 259, �� 1, 2. L. 73: p. 1236, � 3. L. 2000: (1) and (2) amended, p. 155, � 2, effective August 2. L. 2024: (2) amended, (HB 24-1381), ch. 350, p. 2368, � 17, effective August 7.