Colorado § 11-42-123 Matured shares

Colorado Statutes

§ 11-42-123 — Matured shares

Colorado·Title 11 Financial·Art. Shares and Stock

If, at the time shares in a savings and loan
association have matured, the association has withdrawal notices on file to such an
extent that the funds of the association, applicable to withdrawals, are not
sufficient to pay all shareholders desiring to withdraw, as well as shares that have
matured and are unpaid, and the holder of the matured shares desires to withdraw,
the holder of the matured shares shall file a notice of intention to withdraw.
Thereafter, the holder of the matured shares is subject to all the rights and
liabilities of articles 40 to 46 of this title 11 governing withdrawing shareholders;
except that the holder of the matured shares is entitled to the full amount of any
dividends declared on like shares during the time the holder of the matured shares
has a wi

Free access — add to your briefcase to read the full text and ask questions with AI

If, at the time shares in a savings and loan
association have matured, the association has withdrawal notices on file to such an
extent that the funds of the association, applicable to withdrawals, are not
sufficient to pay all shareholders desiring to withdraw, as well as shares that have
matured and are unpaid, and the holder of the matured shares desires to withdraw,
the holder of the matured shares shall file a notice of intention to withdraw.
Thereafter, the holder of the matured shares is subject to all the rights and
liabilities of articles 40 to 46 of this title 11 governing withdrawing shareholders;
except that the holder of the matured shares is entitled to the full amount of any
dividends declared on like shares during the time the holder of the matured shares
has a withdrawal notice on file on the same.

Colorado § 11-42-123 (Matured shares) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 33: p. 323, � 7. CSA: C. 25, � 33. CRS 53: � 122-3-23. C.R.S. 1963: � 122-3-23. L. 2024: Entire section amended, (HB 24-1381), ch. 350, p. 2379, � 40, effective August 7.