§ 11-41-103 — Use of name savings and loan association restricted

Colorado § 11-41-103

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Organization and Powers

Text

It is
unlawful for any person, firm, company, association, partnership, society, or
corporation, either domestic or foreign, to transact business under any name or title
which contains the term savings and loan, or use any sign or circulate or use any
letterhead, billhead, circular, or paper whatsoever, or advertise in any manner to
indicate that its business is the character or kind of business carried on or
transacted by a savings and loan association or which is calculated to lead the
public to believe that its business is that of a savings and loan association, unless it
is lawfully authorized to do business in this state under the provisions of articles 40
to 46 of this title or its charter and is actually engaged in carrying on a savings and
loan business in this state under the provisions of said articles 40 to 46, and, upon
action brought by the commissioner, injunction will lie to restrain any person, firm,
company, partnership, society, corporation, or agent thereof from continuing to
violate any of the provisions of this section.

Legislative History

Source: L. 33: p. 359, � 18. CSA: C. 25, � 86. CRS 53: � 122-2-3. C.R.S. 1963: � 122-2-3.