reglab/housing_qa huggingface dataset:
CO Code § 11-30-102 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-102. Bylaws of Credit Unions

 The commissioner shall cause to be prepared a standard form of bylaws, consistent with this article, to be issued to all credit unions. All credit unions shall operate under the standard bylaws; except that each such credit union, subject to the approval of the commissioner, shall propose its own name, its field of membership, the number of members of its board of directors, its credit committee, its supervisory committee, provisions relative to times and places of meetings of the membership and of the board of directors, provisions relative to the conduct of elections and balloting of the credit union, and modifications of the standard bylaws deemed appropriate by the board of directors for the operation of the individual credit union. Any and all amendments to the bylaws shall be approved by the commissioner before they become operative.   History. Source: L. 31: P. 297, § 2. CSA: C. 47, § 2. L. 41: P. 371, § 2. CRS 53: § 38-1-2 . C.R.S. 1963: § 38-1-2 . L. 67: P. 316, § 2. L. 84: Entire section amended, p. 372, § 1, effective July 1.
CO Code § 11-30-105 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-105. Exclusive Right to Use “Credit Union” in Title

 [ ] A credit union organized in accordance with the provisions of this article, or in accordance with the laws of the United States or the laws of another state or territory of the United States, has the exclusive right to use the words “credit union” in its name or title; but an association composed of credit unions transacting business in this state may use the words “credit union” in its name or title. Any other person, association, corporation, or partnership using the words “credit union” in its name or title is guilty of a misdemeanor and, upon conviction thereof, shall be punished by a fine of not more than five hundred dollars, or by imprisonment in the county jail for not more than sixty days, or by both such fine and imprisonment.  Editor's note: This version of this section is effective until March 1, 2022.  History. Source: L. 31: P. 297, § 3. CSA: C. 47, § 3. L. 41: P. 371, § 3. CRS 53: § 38-1-3 . C.R.S. 1963: § 38-1-3 . L. 92: Entire section amended, p. 934, § 1, effective April 2. L. 2021: Entire section amended,(SB 21-271), ch. 462, p. 3149, § 120, effective March 1, 2022.    Editor's note:   Section 803(2) of chapter 462 (SB 21-271), Session Laws of Colorado 2021, provides that the act changing this section applies to offenses committed on or after March 1, 2022.
CO Code § 11-30-105 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-105. Exclusive Right to Use “Credit Union” in Title

 [ ] A credit union organized in accordance with the provisions of this article 30, or in accordance with the laws of the United States or the laws of another state or territory of the United States, has the exclusive right to use the words “credit union” in its name or title; but an association composed of credit unions transacting business in this state may use the words “credit union” in its name or title. Any other person, association, corporation, or partnership using the words “credit union” in its name or title commits a petty offense.  Editor's note: This version of this section is effective March 1, 2022.  History. Source: L. 31: P. 297, § 3. CSA: C. 47, § 3. L. 41: P. 371, § 3. CRS 53: § 38-1-3 . C.R.S. 1963: § 38-1-3 . L. 92: Entire section amended, p. 934, § 1, effective April 2. L. 2021: Entire section amended,(SB 21-271), ch. 462, p. 3149, § 120, effective March 1, 2022.
CO Code § 11-30-107 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-107. Fiscal Year - Meetings

 The fiscal year of all credit unions shall end December 31 of each year. The annual meeting shall be held within five months after the close of said fiscal year. Special meetings may be held in the manner indicated in the bylaws. At all meetings a member shall have but a single vote, whatever his share holdings. There shall be no voting by proxy, but a member other than a natural person may cast a single vote through a delegated agent.   History. Source: L. 31: P. 299, § 7. CSA: C. 47, § 7. L. 41: P. 374, § 7. CRS 53: § 38-1-7 . C.R.S. 1963: § 38-1-7 . L. 67: P. 318, § 6. L. 79: Entire section amended, p. 416, § 1, effective July 1.
CO Code § 11-30-108 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-108. Elections

  At the annual meeting, or by other proper balloting within thirty days before and twenty days after the annual meeting, the credit union members shall elect from the membership a board of directors of not less than five members. A supervisory committee of not less than three members and a credit committee of not less than three members or a credit officer shall be elected by the credit union members or appointed by the board of directors as provided in the bylaws of the credit union. All such persons shall hold office for such terms respectively as the bylaws provide and until successors are elected or appointed and qualify. In addition, one or more alternate members of the credit committee may be elected by the credit union members or appointed by the board of directors to serve in the absence of members of the credit committee. No member shall hold more than one elected office simultaneously. A record of the names and addresses of the members of the board and such committees, such alternates, and the officers shall be filed with the commissioner within twenty days after their election or appointment.    Notwithstanding subsection (1) of this section, the board of directors may, as provided in the bylaws, appoint an audit committee in lieu of a supervisory committee to carry out the duties and responsibilities of the supervisory committee as contained in section 11-30-111. A record of the names and addresses of the members of the audit committee must be filed with the commissioner within twenty days after their election or appointment.     History. Source: L. 31: P. 300, § 8. CSA: C. 47, § 8. L. 41: P. 374, § 8. L. 47: P. 379, § 1. CRS 53: § 38-1-8 . C.R.S. 1963: § 38-1-8 . L. 67: P. 318, § 7. L. 77: Entire section amended, p. 567, § 1, effective July 1. L. 84: Entire section amended, p. 373, § 4, effective July 1. L. 2004: Entire section amended, p. 131, § 5, effective July 1. L. 2016: Entire section amended, (SB 16-125), ch. 99, p. 286, § 1, effective August 10.
CO Code § 11-30-110 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-110. Credit Committee - Credit Officer

 The credit committee or credit officer shall have the general supervision of all loans to members. Applications for loans shall be on a form approved by the credit committee or the credit officer. At least a majority of the members of the credit committee or the credit officer shall pass and approve or disapprove all loans; except that the credit committee or the credit officer may appoint one or more loan officers and delegate to the same the power to approve or disapprove loans which are within limits prescribed by the credit committee or the credit officer. Each loan officer shall furnish to the credit committee or the credit officer a record of each loan application received by him within seven days after the date of filing of the application. All loans not approved by a loan officer may be considered by the credit committee or the credit officer. No member of the credit committee shall receive any compensation as a loan officer or be employed by the credit union in any other capacity. A credit officer may receive compensation in connection with the performance of his duties. The credit committee shall meet as often as may be necessary after due notice to each member. Vacancies in the credit committee shall be filled pursuant to section 11-30-109 (1)(e) .   History. Source: L. 31: P. 301, § 10. CSA: C. 47, § 10. L. 41: P. 375, § 10. CRS 53: § 38-1-10 . C.R.S. 1963: § 38-1-10 . L. 67: P. 319, § 9. L. 75: Entire section amended, p. 394, § 2, effective June 16. L. 79: Entire section amended, p. 416, § 2, effective July 1.
CO Code § 11-30-111 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-111. Supervisory Committee

  The supervisory committee shall:   Make, or cause to be made, a comprehensive annual audit of the books and affairs of the credit union and shall submit a report of the annual audit to the board of directors and a summary of that report to the members at the next annual meeting. The committee shall make or cause to be made such supplementary audits or examinations as it deems necessary.    Make an annual report and submit the same at the annual meeting of the members;    By unanimous vote of the committee if it deems such action to be necessary for the proper conduct of the credit union, suspend any officer or director of the credit union, or any member of the credit committee, and shall call a special meeting of the members of the credit union not less than seven nor more than fourteen days thereafter to act on such suspension. The members at said meeting may sustain any such suspension and remove any such officer, director, or member of the credit committee permanently and elect a successor thereto for the unexpired term of office or may reinstate any such person.    Biennially verify, or cause to be verified, by a random sampling or by verification of all members' accounts, the members' share, deposit, and loan accounts. Such verification may be obtained by either sending or causing to be sent a statement of account to each member or by such means as may be specified by the commissioner.       By majority vote, the supervisory committee may call a special meeting of the members of the credit union to consider any violation of any provision of this article, the bylaws, or any rule or requirement of the credit union, by any officer, director, member of any committee, or any member, which the committee deems to be detrimental to the credit union. The supervisory committee shall fill vacancies in its own membership until the next annual election of the credit union.     History. Source: L. 31: P. 301, § 11. CSA: C. 47, § 11. L. 41: P. 375, § 11. L. 51: P. 315, § 3. CRS 53: § 38-1-11 . C.R.S. 1963: § 38-1-11 . L. 67: P. 319, § 10. L. 75: (1)(a) amended, p. 396, § 1, effective June 16. L. 84: (1)(a) amended, p. 375, § 6, effective July 1. L. 95: (1)(d) amended, p. 85, § 2, effective March 23. L. 2013: (1)(d) amended, (SB 13-159), ch. 193, p. 791, § 4, effective May 11.
CO Code § 11-30-112 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-112. Capital

 The capital of a credit union shall consist of the payments that have been made to it in shares by the several members thereof. The credit union has a lien on the shares and deposits of a member for any sum due to the credit union from said member or for any loan endorsed by him. A credit union may charge an entrance fee and an annual membership fee, but such fees shall be uniform to all members.   History. Source: L. 31: P. 302, § 12. CSA: C. 47, § 12. L. 41: P. 376, § 12. CRS 53: § 38-1-12 . C.R.S. 1963: § 38-1-12 . L. 79: Entire section amended, p. 417, § 3, effective July 1. L. 83: Entire section amended, p. 485, § 6, effective July 1.    ANNOTATION   Law reviews. For note, “Colorado Interest Law”, see 34 Dicta 398 (1957).
CO Code § 11-30-113 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-113. Minors

 Shares may be issued and deposits received in the name of a minor. A member who is a minor shall be entitled to withdraw or pledge any shares owned by him and to receive from the credit union any and all dividends, or other moneys, at any time the same become due, in the same manner and subject to the same conditions as an adult, and any receipt or acquittance signed by such a minor shall constitute a valid release and discharge to the credit union for the payment of such moneys. The board of directors of the credit union may provide in the bylaws of the credit union a minimum age of any minor to be eligible for membership in the credit union and to vote at any meeting of the members.   History. Source: L. 31: P. 302, § 13. CSA: C. 47, § 13. L. 41: P. 376, § 13. CRS 53: § 38-1-13 . C.R.S. 1963: § 38-1-13 . L. 67: P. 320, § 11.
CO Code § 11-30-115 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-115. Power to Borrow and Loan Money

 A credit union may borrow from any source a total sum which shall not exceed fifty percent of its shares, deposits, and undivided earnings. No credit union shall loan more than ten percent of its assets to any member or to another credit union.   History. Source: L. 31: P. 303, § 15. CSA: C. 47, § 15. L. 41: P. 376, § 15. L. 53: P. 239, § 1. CRS 53: § 38-1-15 . C.R.S. 1963: § 38-1-15 . L. 67: P. 320, § 12. L. 84: Entire section amended, p. 375, § 7, effective July 1.
CO Code § 11-30-116 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-116. Loans

 A credit union may make loans to members subject to the provisions of this article and the bylaws of the credit union. A borrower may repay a loan in whole or in part any day the office of the credit union is open for business. A credit union may make loans to its own directors, credit officers, or members of its own supervisory committee or credit committee, but no such loan or aggregate of loans to any one director, credit officer, or committee member that exceeds twenty thousand dollars plus pledged shares may be made unless approved by the board of directors.   History. Source: L. 31: P. 303, § 16. CSA: C. 47, § 16. L. 41: P. 376, § 16. L. 51: P. 315, § 5. L. 53: P. 239, § 2. CRS 53: § 38-1-16 . C.R.S. 1963: § 38-1-16 . L. 67: P. 320, § 13. L. 83: Entire section amended, p. 485, § 7, effective July 1. L. 84: Entire section amended, p. 375, § 8, effective July 1. L. 87: Entire section amended, p. 464, § 1, effective May 8. L. 2004: Entire section amended, p. 131, § 6, effective July 1.
CO Code § 11-30-117 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-117. Reserves

  (Deleted by amendment,L. 2004, p. 131, § 7, effective July 1, 2004.)    The board may require reserves to protect the interest of members by general rules, including reserve requirements for any privately insured credit union. In addition, the commissioner may require special reserves by an order directed to an individual credit union in any special case.     History. Source: L. 31: P. 303, § 17. CSA: C. 47, § 17. L. 41: P. 377, § 17. L. 45: P. 308, § 2. CRS 53: § 38-1-17 . C.R.S. 1963: § 38-1-17 . L. 67: P. 321, § 14. L. 79: Entire section R&RE, p. 417, § 4, effective July 1. L. 90: (2) amended, p. 1838, § 10, effective May 31. L. 2004: Entire section amended, p. 131, § 7, effective July 1.
CO Code § 11-30-118 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-118. Dividends

 At such intervals and for such periods of time as the board of directors may authorize and after provision for the required reserves, the board of directors may declare a dividend. Dividends may be paid at various rates on different classes of shares, and dividend credit may be accrued on different classes of shares, as determined by the board of directors. Dividends shall not be paid in excess of available earnings.   History. Source: L. 31: P. 303, § 18. CSA: C. 47, § 18. L. 41: P. 377, § 18. L. 45: P. 309, § 3. L. 51: P. 315, § 6. CRS 53: § 38-1-18 . C.R.S. 1963: § 38-1-18 . L. 67: P. 321, § 15. L. 75: Entire section amended, p. 395, § 3, effective June 16. L. 81: Entire section amended, p. 613, § 3, effective July 1. L. 83: Entire section amended, p. 485, § 8, effective July 1. L. 84: Entire section amended, p. 375, § 9, effective July 1.
CO Code § 11-30-119 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-119. Expulsion or Withdrawal of Members

  Any member may withdraw from the credit union at any time, but notice of withdrawal may be required in the bylaws. The board of directors may expel any member from membership in the credit union if such member fails to comply with the written rules and policies of the credit union as adopted and made available to the membership.    A member shall not be expelled until the member has been informed in writing of the reasons for the expulsion and has had reasonable opportunity to be heard.    All amounts paid on shares or as deposits of an expelled member or withdrawing member, together with any dividends or interest accredited thereto, to the date thereof, as funds become available and after deducting all amounts due from the member to the credit union, shall be paid to such member. The credit union may require sixty days' written notice of intention to withdraw shares and thirty days' written notice of intention to withdraw deposits. Withdrawing or expelled members shall have no further rights in the credit union but shall not, by such expulsion or withdrawal, be released from any remaining liability to the credit union.    (Deleted by amendment,L. 2004, p. 133, § 9, effective July 1, 2004.)     History. Source: L. 31: P. 304, § 19. CSA: C. 47, § 19. L. 41: P. 377, § 19. CRS 53: § 38-1-19 . C.R.S. 1963: § 38-1-19 . L. 67: P. 322, § 16. L. 81: Entire section amended, p. 613, § 4, effective July 1. L. 2001: Entire section amended, p. 200, § 1, effective September 1. L. 2004: (3) and (4) amended, p. 133, § 9, effective July 1.
CO Code § 11-30-120.5 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-120.5. Conversion - State to Federal Credit Union - Federal to State Credit Union

  A credit union organized under the provisions of this article may be converted into a federal credit union by complying with the requirements of this section.      The proposition for such conversion shall first be approved by a majority of the directors of the credit union. If so approved, the proposition shall be submitted to a meeting of its members. The notice of such meeting shall be in writing and may be delivered in person to each member or mailed to each member at the address for such member appearing on the records of the credit union. Such delivery or mailing shall be not more than thirty days nor less than seven days prior to the time of the meeting. Approval of the proposition for conversion shall be by the affirmative vote of not less than two-thirds of the members present and voting at the meeting.    A copy of the minutes of such meeting, verified by the affidavits of the president or vice-president and the secretary of the meeting, shall be filed with the administrator within ten days after the meeting.       Within ninety days after such meeting, the credit union shall take such action as may be necessary under the federal credit union act to convert into a federal credit union, and, within ten days after receipt of the federal credit union charter, there shall be filed with the commissioner a copy of the charter thus issued. Upon such filing the credit union shall cease to be a state credit union.    Upon ceasing to be a state credit union, such credit union shall no longer be subject to any of the provisions of the state law under which said credit union was organized; except that the successor federal credit union, being vested with all of the assets, shall continue to be responsible for all of the obligations of the state credit union to the same extent as though the conversion had not taken place.    A credit union organized under the laws of the United States may be converted into a credit union organized under the laws of this state by complying with all requirements to cease being a federal credit union and doing all acts and obtaining all authorization necessary to organize as a credit union under the provisions of this article.      History. Source: L. 75: Entire section added, p. 396, § 2, effective June 16. L. 84: (5) added, p. 375, § 10, effective July 1. L. 90: (3) amended, p. 1838, § 11, effective May 31.
CO Code § 11-30-121 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-121. Change in Place of Business

 A credit union may change its place of business to a location outside of the county or city and county in which previously located upon receiving written permission therefor from the commissioner. A credit union may change its place of business within the county or city and county in which previously located by providing written notice of the new address and the effective date of such change to the commissioner.   History. Source: L. 31: P. 305, § 21. CSA: C. 47, § 21. L. 41: P. 378, § 21. L. 51: P. 316, § 9. CRS 53: § 38-1-21 . C.R.S. 1963: § 38-1-21 . L. 67: P. 323, § 18.
CO Code § 11-30-123 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 30 - Credit Unions - General Provisions|§ 11-30-123. Taxation

 A credit union shall be deemed an institution for savings and, together with all accumulations therein, shall not be subject to taxation except as to real estate owned. The shares of a credit union shall not be subject to a stock transfer tax when issued by the corporation or when transferred from one member to another.   History. Source: L. 31: P. 305, § 22. CSA: C. 47, § 22. L. 41: P. 378, § 22. CRS 53: § 38-1-23 . C.R.S. 1963: § 38-1-23 .    ANNOTATION   No exemption as to payment of sales taxes is provided to state chartered credit unions. Southwest Catholic Credit Union v. Charnes, 665 P.2d 626 (Colo. App. 1982).