Colorado § 11-41-117 Insurance of shares

Colorado Statutes

§ 11-41-117 — Insurance of shares

Colorado § 11-41-117

Title 11Financial

Art.Organization and Powers

This text of Colorado § 11-41-117 (Insurance of shares) 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. § 11-41-117 (2026).

Text

(1)A savings and loan association shall obtain and maintain insurance of its shares with the federal deposit insurance corporation or its successor as provided by the Federal Deposit Insurance Act, 12 U.S.C. sec. 1811 et seq., and any amendments thereto. Notice of any such actions by associations shall be submitted to the division.

(2)The commissioner, in connection with all such insured associations, shall furnish the federal deposit insurance corporation with reports of the issuance of examination, orders, and requirements relating to insured associations and other information that comes to the commissioner's attention and concerns the financial condition and administration of insured associations. The commissioner may collaborate with the federal deposit insurance corporatio

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(1) A savings and loan association shall
obtain and maintain insurance of its shares with the federal deposit insurance
corporation or its successor as provided by the Federal Deposit Insurance Act, 12
U.S.C. sec. 1811 et seq., and any amendments thereto. Notice of any such actions by
associations shall be submitted to the division.

(2) The commissioner, in connection with all such insured associations, shall
furnish the federal deposit insurance corporation with reports of the issuance of
examination, orders, and requirements relating to insured associations and other
information that comes to the commissioner's attention and concerns the financial
condition and administration of insured associations. The commissioner may
collaborate with the federal deposit insurance corporation in any merger,
reorganization, dissolution, liquidation, or examination and audit of any insured
association.

Legislative History

Source: L. 33: p. 241, � 13. CSA: C. 25, � 14(1). CRS 53: � 122-2-17. C.R.S. 1963: � 122-2-17. L. 87: (1) amended, p. 466, � 1, effective July 1. L. 2004: (1) amended, p. 137, � 15, effective July 1. L. 2024: (2) amended, (HB 24-1381), ch. 350, p. 2370, � 23, effective August 7.