Colorado § 11-44-103 Powers of commissioner

Colorado Statutes

§ 11-44-103 — Powers of commissioner

Colorado·Title 11 Financial·Art. Division of Financial Services

The commissioner has general
supervision and control over all domestic and foreign savings and loan associations
doing business in this state and may grant, refuse, or revoke a permit or license to
any association to do business in this state when the association is not conducting
its business in conformity with the laws of the state or is conducting its business in
an unsafe manner that renders its further operations hazardous to the public or any
of the association's shareholders. All articles of incorporation and amendments to
the articles, all bylaws and amendments to the bylaws, and all certificates of stock
and shares of associations subject to articles 40 to 46 of this title 11 shall be
submitted to the commissioner for the commissioner's approval or disapproval, and
the c

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The commissioner has general
supervision and control over all domestic and foreign savings and loan associations
doing business in this state and may grant, refuse, or revoke a permit or license to
any association to do business in this state when the association is not conducting
its business in conformity with the laws of the state or is conducting its business in
an unsafe manner that renders its further operations hazardous to the public or any
of the association's shareholders. All articles of incorporation and amendments to
the articles, all bylaws and amendments to the bylaws, and all certificates of stock
and shares of associations subject to articles 40 to 46 of this title 11 shall be
submitted to the commissioner for the commissioner's approval or disapproval, and
the commissioner may approve, modify, or reject any articles of incorporation or
amendments, bylaws or amendments, or certificates of stock or shares. The
commissioner may prescribe all necessary and proper rules for the conduct and
operation of savings and loan associations in this state and shall prescribe the
manner in which the books and records of associations doing business in this state
are kept.

Colorado § 11-44-103 (Powers of commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 33: p. 334, � 3. CSA: C. 25, � 49. CRS 53: � 122-6-3. C.R.S. 1963: � 122-5-3. L. 2024: Entire section amended, (HB 24-1381), ch. 350, p. 2379, � 42, effective August 7.