reglab/housing_qa huggingface dataset:
CO Code § 11-44-113 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 44 - Division of Financial Services|§ 11-44-113. Procedure Under Court Order

  The commissioner may retain possession of any savings and loan association for the purpose of liquidating its affairs, but before doing so he shall furnish a bond, executed by some surety company authorized to do business in this state and running to the people of the state of Colorado, in a penal sum equal to the value of the negotiable assets of the association, as nearly as may be determined, for the faithful discharge of his duties in connection with liquidating the affairs of the association and accounting for all moneys coming into his hands. Such bond shall be approved by the governor and be filed in the office of the secretary of state. The cost of such bond shall be paid from the assets of the association. Suits may be maintained on such bond by any person injured by a breach of the conditions thereof.    Upon taking such possession, the commissioner shall have authority to collect all moneys due to such association, and to give full receipt therefor, and to do such other acts as are necessary or expedient to collect, conserve, or protect its business, property, and assets.    If the commissioner is in possession of the business, property, and assets of any association, regardless of whether or not he is liquidating the affairs of such association, the commissioner, in his discretion, may apply to the district court of the county in which the principal office in this state of such association is located for an order confirming any action taken by the commissioner or authorizing the commissioner to do any act or to execute any instrument not expressly authorized by articles 40 to 46 of this title, which order shall be made after a hearing, on such notice as the court shall prescribe. He may pay and discharge any secured claims against such association, and, within six months after taking such possession, he may disaffirm any executory contracts, including leases, to which such association is a party and disaffirm any partially executed contracts, including leases, to the extent that they remain executory.     History. Source: L. 33: P. 342, § 12. CSA: C. 25, § 58. CRS 53: § 122-6-13. C.R.S. 1963: § 122-5-13. History. Source: L. 33: P. 342, § 12. CSA: C. 25, § 58. CRS 53: § 122-6-13. C.R.S. 1963: § 122-5-13.
CO Code § 11-44-114 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 44 - Division of Financial Services|§ 11-44-114. Noncompliance With Orders - Penalty

 [ ] If the commissioner demands possession of the property, business, and assets of any association, pursuant to section 11-44-110 , the refusal of any officer, agent, employee, or director of such association to comply with such demand shall constitute a misdemeanor, punishable by a fine of not more than three hundred dollars, or by imprisonment in the county jail for not more than ninety days, or by both such fine and imprisonment; and, if such demand is not complied with within twenty-four hours after service, the commissioner may call to his assistance the sheriff of the county in which the principal place of business of such association is located, by written demand under his hand and official seal; whereupon it shall become the duty of such official to enforce the demands of the commissioner.  Editor's note: This version of this section is effective until March 1, 2022.  History. Source: L. 33: P. 343, § 13. CSA: C. 25, § 59. CRS 53: § 122-6-14. C.R.S. 1963: § 122-5-14. L. 2021: Entire section amended,(SB 21-271), ch. 462, p. 3152, § 128, effective March 1, 2022. History. Source: L. 33: P. 343, § 13. CSA: C. 25, § 59. CRS 53: § 122-6-14. C.R.S. 1963: § 122-5-14. L. 2021: Entire section amended,(SB 21-271), ch. 462, p. 3152, § 128, 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 § 11-44-114 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 44 - Division of Financial Services|§ 11-44-114. Noncompliance With Orders - Penalty

 [ ] If the commissioner demands possession of the property, business, and assets of any association, pursuant to section 11-44-110 , the refusal of any officer, agent, employee, or director of such association to comply with such demand constitutes a class 2 misdemeanor; and, if such demand is not complied with within twenty-four hours after service, the commissioner may call to the commissioner's assistance the sheriff of the county in which the principal place of business of such association is located, by written demand under the commissioner's hand and official seal; whereupon it shall become the duty of such official to enforce the demands of the commissioner.  Editor's note: This version of this section is effective March 1, 2022.  History. Source: L. 33: P. 343, § 13. CSA: C. 25, § 59. CRS 53: § 122-6-14. C.R.S. 1963: § 122-5-14. L. 2021: Entire section amended,(SB 21-271), ch. 462, p. 3152, § 128, effective March 1, 2022. History. Source: L. 33: P. 343, § 13. CSA: C. 25, § 59. CRS 53: § 122-6-14. C.R.S. 1963: § 122-5-14. L. 2021: Entire section amended,(SB 21-271), ch. 462, p. 3152, § 128, effective March 1, 2022.
CO Code § 11-44-115 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 44 - Division of Financial Services|§ 11-44-115. Officers to Furnish Schedule of Property

 Upon taking possession of the property, business, and assets of any association, the commissioner shall require the president and secretary of such association to make a schedule of all its property and assets and of all collateral held by it as security for loans, and to make oath that such schedule sets forth all such property, assets, and collateral which such association owns or to which it is entitled, and to deliver such schedule and the possession of all such property and collateral as may not have been so previously delivered to the commissioner, who may examine under oath such president and secretary, the other officers of such association, or the directors, agents, or employees thereof at any time to determine whether or not all the property, assets, and collateral which such association owns or to which it is entitled have been transferred and delivered into his possession.   History. Source: L. 33: P. 344, § 14. CSA: C. 25, § 60. CRS 53: § 122-6-15. C.R.S. 1963: § 122-5-15. History. Source: L. 33: P. 344, § 14. CSA: C. 25, § 60. CRS 53: § 122-6-15. C.R.S. 1963: § 122-5-15.
CO Code § 11-44-117 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 44 - Division of Financial Services|§ 11-44-117. Setoffs

 Credits on loan shares of all persons indebted to any savings and loan association in the possession of the commissioner, whether such indebtedness is due or to become due, shall be applied by him on account of such indebtedness.   History. Source: L. 33: P. 349, § 16. CSA: C. 25, § 62. CRS 53: § 122-6-17. C.R.S. 1963: § 122-5-17. History. Source: L. 33: P. 349, § 16. CSA: C. 25, § 62. CRS 53: § 122-6-17. C.R.S. 1963: § 122-5-17.
CO Code § 11-44-118 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 44 - Division of Financial Services|§ 11-44-118. Commissioner and Deputy Not to Accept Gifts

 Neither the commissioner nor his deputy shall receive or accept any bribe, gratuity, or reward from any person or association for any purpose whatever or knowingly and willfully make any false or fraudulent report of the condition of any association for any purpose whatsoever. One or more of the directors of any association may be present at any examination of the affairs thereof, but the absence of any or all of the officers or directors shall not operate to prevent the commissioner or his deputy from proceeding with such examination.   History. Source: L. 33: P. 349, § 17. CSA: C. 25, § 63. CRS 53: § 122-6-18. C.R.S. 1963: § 122-5-18. History. Source: L. 33: P. 349, § 17. CSA: C. 25, § 63. CRS 53: § 122-6-18. C.R.S. 1963: § 122-5-18.
CO Code § 11-44-119 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 44 - Division of Financial Services|§ 11-44-119. Association's Right to Resort to Court

 Nothing in articles 40 to 46 of this title shall be construed to prevent an association or person affected by any order, ruling, proceeding, act, or action of the commissioner or the financial services board or any person acting on behalf and at the instance of the commissioner or the financial services board, or both, from testing the validity of the same in any court of competent jurisdiction, through injunction, appeal, or other proper process or proceeding, mandatory or otherwise.   History. Source: L. 33: P. 350, § 18. CSA: C. 25, § 64. CRS 53: § 122-6-19. C.R.S. 1963: § 122-5-19. L. 93: Entire section amended, p. 1453, § 12, effective June 6. History. Source: L. 33: P. 350, § 18. CSA: C. 25, § 64. CRS 53: § 122-6-19. C.R.S. 1963: § 122-5-19. L. 93: Entire section amended, p. 1453, § 12, effective June 6.    ANNOTATION   Section helps insure speedy judicial hearing. This section, together with §§ 11-41-111 , 11-41-113 , and 11-41-116 , supplies all reasonably proper means of obtaining speedy judicial hearings on all vital issues that could properly be raised. United States Bldg. & Loan Ass'n v. McClelland, 95 Colo. 292 , 36 P.2d 164 (1934).   For the parties have, under this section, a right to a plenary judicial review of the actions of the commissioner. United States Bldg. & Loan Ass'n v. McClelland, 6 F. Supp. 299 (D. Colo. 1934 ).
CO Code § 11-44-120 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 44 - Division of Financial Services|§ 11-44-120. Records of Commissioner

  The commissioner shall maintain annually revised summaries disclosing the names of the officers and directors of all savings and loan associations doing business in the state of Colorado during the preceding year, the financial condition of such savings and loan associations, together with a statement of the assets, liabilities, and reserves of the associations, and such other information concerning the same as he may see fit.    These data and any other material circulated in quantity outside the executive branch shall be issued in accordance with the provisions of section 24-1-136, C.R.S.    Repealed.     History. Source: L. 33: P. 350, § 19. CSA: C. 25, § 65. L. 39: P. 251, § 23. CRS 53: § 122-6-20. L. 64: P. 169, § 133. C.R.S. 1963: § 122-5-20. L. 83: (2) and (3) amended, p. 827, § 9, effective July 1. L. 96: (3) repealed, p. 1231, § 55, effective August 7. History. Source: L. 33: P. 350, § 19. CSA: C. 25, § 65. L. 39: P. 251, § 23. CRS 53: § 122-6-20. L. 64: P. 169, § 133. C.R.S. 1963: § 122-5-20. L. 83: (2) and (3) amended, p. 827, § 9, effective July 1. L. 96: (3) repealed, p. 1231, § 55, effective August 7.    Cross references:   For the legislative declaration contained in the 1996 act repealing subsection (3), see section 1 of chapter 237, Session Laws of Colorado 1996.
CO Code § 11-44-122 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 44 - Division of Financial Services|§ 11-44-122. Waiver of Membership or Stockholder Voting

 Notwithstanding any other provision of state law, whenever the commissioner finds that it is necessary to effect a merger, consolidation, purchase and assumption agreement, conversion to stock association, conversion to mutual association, conversion to federal association, or conversion to state association or other action, as a result of the assets of any association being impaired to the extent that it threatens loss to the withdrawable shares or the association being in an unsafe condition and the time required to give proper notice and hold a meeting to vote on the action is deemed by the commissioner to increase the threat of loss to the withdrawable shares, the commissioner may waive the requirement of a membership or stockholder vote on the action. There shall be no requirement of prior written notice to the affected parties of said waiver.   History. Source: L. 82: Entire section added, p. 247, § 3, effective March 25.
CO Code § 11-45-101 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 45 - Conversion|§ 11-45-101. Conversion Into Federal Association

  Any savings and loan association or other home-financing organization, by whatever name or style it may be designated, which is eligible to become a federal savings and loan association may convert itself into a federal savings and loan association by the following procedure:   At any regular or special meeting of the shareholders of any such association called to consider such action and held in accordance with the laws governing such association, such shareholders, by an affirmative vote of the shareholders owning and voting the number of shares required for authorization of the sale of the association's assets or required to accomplish a consolidation or a merger, whichever is the greater, present in person or by proxy, may declare by resolution the determination to convert said association into a federal savings and loan association.    A copy of the minutes of such meeting of the shareholders, verified by the affidavit of the president or vice-president and the secretary of the meeting, shall be filed within ten days after said meeting in the office or division of this state having supervision of such association. Such verified copy of the minutes of such meeting when so filed shall be presumptive evidence of the holding and of the action of such meeting.    Within a reasonable time and without any unnecessary delay after the adjournment of such meeting of shareholders, the association shall take such action as may be necessary to make it a federal savings and loan association, and, within ten days after receipt of the federal charter, there shall be filed in the office or division of this state having supervision of such association a copy of said charter issued to such association by the office of thrift supervision or its successor or a certificate showing the organization of such association as a federal savings and loan association certified by, or on behalf of, the office of thrift supervision or its successor. Upon the filing of such instrument, such association shall cease to be a state association and shall thereafter be a federal savings and loan association.        History. Source: L. 35: P. 263, § 1. CSA: C. 25, § 67. CRS 53: § 122-7-1. C.R.S. 1963: § 122-6-1. L. 2004: (1)(c) amended, p. 140, § 26, effective July 1. History. Source: L. 35: P. 263, § 1. CSA: C. 25, § 67. CRS 53: § 122-7-1. C.R.S. 1963: § 122-6-1. L. 2004: (1)(c) amended, p. 140, § 26, effective July 1.
CO Code § 11-45-102 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 45 - Conversion|§ 11-45-102. Effect of Conversion

 At the time when such conversion becomes effective, such association shall cease to be supervised by this state, and all of the property of such association, including all of its right, title, and interest in and to all property of every kind and character, whether real, personal, or mixed, immediately by operation of law and without any conveyance or transfer whatsoever and without any further act or deed, shall continue to be vested in said association under its new name and style as a federal savings and loan association and under its new jurisdiction; and said federal savings and loan association shall have, hold, and enjoy the same in its own right as fully and to the same extent as if the same were possessed, held, and enjoyed by it as a state association, and said federal savings and loan association, at the time of the taking effect of such conversion, shall continue to be responsible for all of the obligations of said state association to the same extent as though said conversion had not taken place. It is expressly declared that such federal savings and loan association shall be merely a continuation of the state association under a new name, a new jurisdiction, and such revision of its corporate structure as may be considered necessary for its proper operation under said new jurisdiction.   History. Source: L. 35: P. 265, § 2. CSA: C. 25, § 68. CRS 53: § 122-7-2. C.R.S. 1963: § 122-6-2. History. Source: L. 35: P. 265, § 2. CSA: C. 25, § 68. CRS 53: § 122-7-2. C.R.S. 1963: § 122-6-2.
CO Code § 11-45-103 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 45 - Conversion|§ 11-45-103. Conversion Into State Association

  Any federal savings and loan association may convert itself into an association under articles 40 to 46 of this title by the majority vote of all members present in person or by proxy at an annual meeting or at any special meeting called to consider such action. Copies of the minutes of the proceedings of such meeting of members, verified by the affidavit of the secretary or an assistant secretary, shall be filed in the office of the commissioner and mailed to the office of thrift supervision, or its successor, within ten days after such meeting. Such verified copies of the proceedings of the meeting when so filed shall be prima facie evidence of the holding and action of such meeting.    At the meeting at which conversion is voted upon, the members shall also vote upon the directors who shall be the directors of the state-chartered association after conversion takes effect. Such directors shall then execute two copies of the certificate of incorporation and four copies of the bylaws. The directors chosen for the association shall all sign and acknowledge the certificate of incorporation as subscribers thereto and the bylaws as incorporators of the association. The commissioner may provide, by regulation, for the procedure to be followed by any such federal savings and loan association converting into an association under articles 40 to 46 of this title. The state-chartered association shall be a continuation of the corporate entity of the converting federal association and continue to have all of its property and rights.     History. Source: L. 39: P. 251, § 24. CSA: C. 25, § 68(1). CRS 53: § 122-7-3. C.R.S. 1963: § 122-6-3. L. 2004: (1) amended, p. 140, § 27, effective July 1. History. Source: L. 39: P. 251, § 24. CSA: C. 25, § 68(1). CRS 53: § 122-7-3. C.R.S. 1963: § 122-6-3. L. 2004: (1) amended, p. 140, § 27, effective July 1.
CO Code § 11-46-101 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 46 - Safe Deposit Facilities|§ 11-46-101. Definitions

 As used in this article, unless the context otherwise requires:    “Fiduciary” means any person as defined in section 15-1-103 (2), C.R.S.    “Lease” means the contract between lessor and lessee governing the use, payment, and other terms and conditions with regard to a safe deposit box.    “Lessee” means a person contracting with a lessor for the use of a safe deposit box.    “Lessor” means any association defined in section 11-46-102 which maintains safe deposit facilities.    “Person” means any natural person, partnership, whether limited or general, corporation, or entity leasing a safe deposit box.    “Safe deposit box” means any vault, box, receptacle, or other safekeeping facility maintained by a lessor for lease to third persons.     History. Source: L. 59: P. 664, § 7. CRS 53: § 122-8-2. C.R.S. 1963: § 122-7-2. History. Source: L. 59: P. 664, § 7. CRS 53: § 122-8-2. C.R.S. 1963: § 122-7-2.
CO Code § 11-46-102 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 46 - Safe Deposit Facilities|§ 11-46-102. Safe Deposit Boxes

 Any savings and loan associations organized under articles 40 to 46 of this title and any federal savings and loan associations organized under the “Home Owners' Loan Act of 1933”, as amended, except to the extent that laws, rules, and regulations under which they operate are inconsistent with this article, may engage in the business of leasing safe deposit boxes in accordance with the provisions of this article.   History. Source: L. 59: P. 664, § 7. CRS 53: § 122-8-1. C.R.S. 1963: § 122-7-1. History. Source: L. 59: P. 664, § 7. CRS 53: § 122-8-1. C.R.S. 1963: § 122-7-1.    Cross references:   For the “Home Owners' Loan Act of 1933”, see Pub.L. 73-43, codified at 12 U.S.C. § 1461 et seq.
CO Code § 11-46-103 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 46 - Safe Deposit Facilities|§ 11-46-103. Lease to Natural Persons

 A lessor may lease a safe deposit box to any natural person and, in connection therewith, deal with such person without liability until there is filed with such lessor a certified copy of any order of a Colorado court indicating that such person is under a legal disability and directing the lessor to deal with such person's fiduciary.   History. Source: L. 59: P. 665, § 7. CRS 53: § 122-8-5. C.R.S. 1963: § 122-7-5. History. Source: L. 59: P. 665, § 7. CRS 53: § 122-8-5. C.R.S. 1963: § 122-7-5.
CO Code § 11-46-104 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 46 - Safe Deposit Facilities|§ 11-46-104. Leases to Joint Tenants

  Any lessor may lease a safe deposit box to one or more natural persons as joint tenants, and any one of such joint tenants shall have the right of access to such safe deposit box.    Upon the death of any joint tenant, the provisions of section 15-10-111, C.R.S., and of this section with regard to examination shall apply.    Nothing in this section shall be construed to prevent the making of leases for safe deposit boxes, the terms of which may require the signature and presence of more than one person as a condition for access to said box.     History. Source: L. 59: P. 665, § 7. CRS 53: § 122-8-6. C.R.S. 1963: § 122-7-6. L. 73: P. 1650, § 15. L. 81: (2) amended, p. 1883, § 1, effective May 27. L. 2002: (2) amended, p. 1360, § 8, effective July 1. History. Source: L. 59: P. 665, § 7. CRS 53: § 122-8-6. C.R.S. 1963: § 122-7-6. L. 73: P. 1650, § 15. L. 81: (2) amended, p. 1883, § 1, effective May 27. L. 2002: (2) amended, p. 1360, § 8, effective July 1.
CO Code § 11-46-105 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 46 - Safe Deposit Facilities|§ 11-46-105. Access by Fiduciaries

  Where a safe deposit box is made available by a lessor to one or more persons acting as fiduciaries, the lessor may, except as otherwise expressly provided in the lease or the instrument of authority pursuant to which such fiduciaries are acting and copies of which have been furnished the lessor, allow access thereto as follows:   By any one or more of the persons acting as executors or administrators;    By any one or more of the persons otherwise acting as fiduciaries when authorized in writing and signed by all other persons so acting;    By any agent authorized in writing and signed by all of the persons acting as fiduciaries.        History. Source: L. 59: P. 665, § 7. CRS 53: § 122-8-3. C.R.S. 1963: § 122-7-3. History. Source: L. 59: P. 665, § 7. CRS 53: § 122-8-3. C.R.S. 1963: § 122-7-3.
CO Code § 11-46-106 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 46 - Safe Deposit Facilities|§ 11-46-106. Effect of Lessee's Death or Incompetence

 Where a lessor, without written notice or actual knowledge of the death or of a determination of legal incompetence of the lessee, deals with said lessee or his agent pursuant to a written power of attorney signed by such lessee, the transaction binds the lessor and the estate of the lessee.   History. Source: L. 59: P. 665, § 7. CRS 53: § 122-8-4. C.R.S. 1963: § 122-7-4. L. 75: Entire section amended, p. 922, § 8, effective July 1; entire section amended, p. 207, § 9, effective July 16. History. Source: L. 59: P. 665, § 7. CRS 53: § 122-8-4. C.R.S. 1963: § 122-7-4. L. 75: Entire section amended, p. 922, § 8, effective July 1; entire section amended, p. 207, § 9, effective July 16.    Editor's note:   Amendments to this section by Senate Bill 75-135 and Senate Bill 75-453 were harmonized.