Colorado Statutes
§ 11-42-113 — Redemption of shares or stock
Every savings and loan
association may redeem its shares or stock and repay the funds acquired thereby
with such earnings as the same may be entitled to according to the terms of the
issue thereof if the same are no longer required for the purposes of the association
upon giving thirty days' written notice in the manner provided in the bylaws of the
association, but the association cannot redeem permanent stock. The method of
redemption shall be prescribed in the bylaws of the association.
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Legislative History
Source: L. 33: p. 355, � 9. CSA: C. 25, � 77. CRS 53: � 122-3-13. C.R.S. 1963: � 122-3-13.
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