Colorado Statutes
§ 11-43-101 — Restrictions on foreign associations
No foreign savings and loan
association which conducts a savings and loan business as defined in section 11-40-103 shall operate an office in this state in order to sell its shares or accounts or
make new loans in this state. Violation of this section is a class 2 misdemeanor
which shall subject the offender and its officers, agents, and representatives, upon
conviction thereof, to the penalties which are authorized in section 18-1.3-501 (1),
C.R.S., and each separate business transaction in violation of this section shall
constitute a separate offense; but nothing in this section shall be construed to
prohibit a foreign association from transacting business in respect to executory
contracts in force on May 17, 1939.
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Legislative History
Source: L. 33: p. 324, � 1. CSA: C. 25, � 35. L. 39: p. 242, � 15. CRS 53: � 122-4-1. C.R.S. 1963: � 122-4-1. L. 88: Entire section amended, p. 455, � 2, effective
March 18. L. 2002: Entire section amended, p. 1471, � 40, effective October 1.
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