Colorado Statutes
§ 11-41-117 — Insurance of shares
(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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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.
Nearby Sections
15
§ 11-10.5-101
Short title§ 11-10.5-102
Legislative declaration§ 11-10.5-103
Definitions§ 11-10.5-104
Applicability of article§ 11-10.5-105
Authority of banking board§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action