reglab/housing_qa huggingface dataset:
CO Code § 11-41-116 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-116. Where Associations May Operate

 Upon approval of the commissioner, a savings and loan association may conduct business in this state, in other states, in the District of Columbia, in the territories and colonies of the United States, and in foreign countries, and have one or more offices out of this state, and own, hold, purchase, mortgage, lease, and convey real and personal property out of this state if such powers are included within the objects set forth in its articles of incorporation and are not in violation of any other provision of articles 40 to 46 of this title.   History. Source: L. 33: P. 296, § 11. CSA: C. 25, § 14. CRS 53: § 122-2-16. C.R.S. 1963: § 122-2-16. History. Source: L. 33: P. 296, § 11. CSA: C. 25, § 14. CRS 53: § 122-2-16. C.R.S. 1963: § 122-2-16.
CO Code § 11-41-117 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-117. Insurance of Shares

  A savings and loan association shall obtain and maintain insurance of its shares with the federal deposit insurance corporation or its successor as provided by the “Federal Deposit Insurance Act”, 12 U.S.C. sec. 1811 et seq., and any amendments thereto. Notice of any such actions by associations shall be submitted to the division.    The commissioner, in connection with all such insured associations, shall furnish said insurance corporation with reports of examination, orders, and requirements issued in connection therewith and other information coming to his attention bearing on the financial condition and administration and may collaborate with said corporation in any merger, reorganization, dissolution, liquidation, or examination and audit of any such insured association.     History. Source: L. 33: P. 241, § 13. CSA: C. 25, § 14(1). CRS 53: § 122-2-17. C.R.S. 1963: § 122-2-17. L. 87: (1) amended, p. 466, § 1, effective July 1. L. 2004: (1) amended, p. 137, § 15, effective July 1. History. Source: L. 33: P. 241, § 13. CSA: C. 25, § 14(1). CRS 53: § 122-2-17. C.R.S. 1963: § 122-2-17. L. 87: (1) amended, p. 466, § 1, effective July 1. L. 2004: (1) amended, p. 137, § 15, effective July 1.
CO Code § 11-41-122 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-122. Membership Fees

  Savings and loan associations shall not, directly or indirectly, charge any membership, admission, repurchase, withdrawal, or other fee, fine, penalty, or sum of money for the privilege of becoming, remaining, or ceasing to be a member of the association or for any other cause, except as provided in subsection (2) of this section; except that reasonable charges may be made to reflect the cost of servicing accounts and upon the making, transfer, or assumption of a loan and for defaults and prepayments of a loan and, after July 1, 1977, for the establishment and maintenance of any Keogh or individual retirement account. Reasonable notice of the amount of and conditions relating to such charges shall be given to affected members.    Subject to such additional limitations, conditions, and provisions as may be promulgated in regulations of the commissioner, a savings and loan association required under a subpoena issued in a civil action to prepare disclosures of private records shall be reimbursed by the requesting party for such services as follows:   For reproduction costs, including copies produced by printer or reproduction processes, the amount provided in section 13-32-104 (1), C.R.S. Costs of photographs, films, and other materials required shall be reimbursed at actual costs.    For travel expenses incurred as a result of compliance, the amount provided in section 13-33-103 (1), C.R.S.;    For personnel costs incurred as a result of compliance, the amount of two dollars and fifty cents for each quarter hour, or fraction thereof.        History. Source: L. 33: P. 354, § 8. CSA: C. 25, § 76. L. 39: P. 252, § 26. CRS 53: § 122-2-22. L. 59: P. 659, § 1. C.R.S. 1963: § 122-2-22. L. 77: Entire section amended, p. 572, § 1, effective June 4. L. 79: Entire section amended, p. 431, § 7, effective June 19. L. 83: Entire section amended, p. 494, § 3, effective July 1. L. 87: Entire section amended, p. 468, § 1, effective May 1. L. 2008: (2)(a) amended, p. 1881, § 15, effective August 5. History. Source: L. 33: P. 354, § 8. CSA: C. 25, § 76. L. 39: P. 252, § 26. CRS 53: § 122-2-22. L. 59: P. 659, § 1. C.R.S. 1963: § 122-2-22. L. 77: Entire section amended, p. 572, § 1, effective June 4. L. 79: Entire section amended, p. 431, § 7, effective June 19. L. 83: Entire section amended, p. 494, § 3, effective July 1. L. 87: Entire section amended, p. 468, § 1, effective May 1. L. 2008: (2)(a) amended, p. 1881, § 15, effective August 5.
CO Code § 11-41-124 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-124. Officers or Directors to Receive No Commission

 No officer or director of any savings and loan association shall take or receive for himself, directly or indirectly, any commission, compensation, remuneration, gift, speculative interest, or other thing of value as an inducement to the making of any loan by the association or the purchase of any securities for the association or for the sale of any of the stock of the association.   History. Source: L. 33: P. 354, § 6. CSA: C. 25, § 74. CRS 53: § 122-2-24. C.R.S. 1963: § 122-2-24. History. Source: L. 33: P. 354, § 6. CSA: C. 25, § 74. CRS 53: § 122-2-24. C.R.S. 1963: § 122-2-24.
CO Code § 11-41-125 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-125. Loans to Officers and Directors

 No officer or director of any savings and loan association shall negotiate for or receive a mortgage loan from such association, except for the bona fide financing of the home of such officer or director, unless the commissioner has first approved such loan.   History. Source: L. 33: P. 358, § 16. CSA: C. 25, § 84. CRS 53: § 122-2-25. L. 55: P. 761, § 4. C.R.S. 1963: § 122-2-25. History. Source: L. 33: P. 358, § 16. CSA: C. 25, § 84. CRS 53: § 122-2-25. L. 55: P. 761, § 4. C.R.S. 1963: § 122-2-25.
CO Code § 11-41-126 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-126. Bonds of Officers

 Every officer, employee, and agent handling or having custody or charge of funds or securities belonging to a savings and loan association, before entering upon the discharge of his duties, shall give a good and sufficient bond in such sum as may be fixed by the board of directors of any such association. Such bond shall be in such form and provide such coverage as the commissioner may direct and shall be made by a surety corporation authorized to do business in this state. The amount of such bond as to each person shall be subject to the approval of the commissioner. In lieu of individual bonds, a blanket bond covering all active officers, agents, and employees of such association may be executed, subject to approval by the commissioner. Every such bond shall be in force until ten days after notice to such commissioner that the same is to be canceled.   History. Source: L. 33: P. 362, § 22. CSA: C. 25, § 90. L. 39: P. 255, § 31. CRS 53: § 122-2-26. C.R.S. 1963: § 122-2-26. History. Source: L. 33: P. 362, § 22. CSA: C. 25, § 90. L. 39: P. 255, § 31. CRS 53: § 122-2-26. C.R.S. 1963: § 122-2-26.
CO Code § 11-41-127 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-127. Violations - Penalties

  Any officer, director, agent, or employee of any savings and loan association who, directly or indirectly or by indirection, commits or causes the commission of theft, abstraction, or misapplication of any of the funds or securities or other property of or under the control of any savings and loan association, with intent to deceive, injure, cheat, wrong, or defraud any person, commits a class 5 felony and shall be punished as provided in section 18-1.3-401, C.R.S.    [ ] Any person who willfully and knowingly violates section 11-41-103 and sections 11-41-124 to 11-41-126 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 ninety days, or by both such fine and imprisonment, and each such violation shall constitute a separate offense.    Editor's note: This version of subsection (2) is effective until March 1, 2022.  (2) [ ] Any person who willfully and knowingly violates section 11-41-103 and sections 11-41-124 to 11-41-126 commits a petty offense, and each such violation shall constitute a separate offense.  Editor's note: This version of subsection (2) is effective March 1, 2022.  History. Source: L. 33: P. 362, § 23. CSA: C. 25, § 91. L. 39: P. 256, § 32. CRS 53: § 122-2-27. C.R.S. 1963: § 122-2-27. L. 77: (1) amended, p. 871, § 26, effective July 1, 1979. L. 89: (1) amended, p. 822, § 13, effective July 1. L. 2002: (1) amended, p. 1471, § 39, effective October 1. L. 2021: (2) amended,(SB 21-271), ch. 462, p. 3150, § 124, effective March 1, 2022. History. Source: L. 33: P. 362, § 23. CSA: C. 25, § 91. L. 39: P. 256, § 32. CRS 53: § 122-2-27. C.R.S. 1963: § 122-2-27. L. 77: (1) amended, p. 871, § 26, effective July 1, 1979. L. 89: (1) amended, p. 822, § 13, effective July 1. L. 2002: (1) amended, p. 1471, § 39, effective October 1. L. 2021: (2) amended,(SB 21-271), ch. 462, p. 3150, § 124, effective March 1, 2022.    Editor's note:    The effective date for amendments made to this section by chapter 216, L. 77, was changed from July 1, 1978, to April 1, 1979, by chapter 1, First Extraordinary Session, L. 78, and was subsequently changed to July 1, 1979, by chapter 157, § 23, L. 79. See People v. McKenna, 199Colo. 452, 611 P.2d 574 (1980).    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.     Cross references:   For the legislative declaration contained in the 2002 act amending subsection (1), see section 1 of chapter 318, Session Laws of Colorado 2002.   ANNOTATION   Law reviews. For article, “Foreign Savings and Loan Associations Not Doing Business in Colorado”, see 16 Colo. Law. 43 (1987).
CO Code § 11-41-128 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-128. Acknowledgments

 No notary public or other public officer qualified to take acknowledgments or proof of written instruments shall be disqualified from taking the acknowledgment or proof of an instrument in writing in which a savings and loan association is interested by reason of his employment by or his being a member or officer of the savings and loan association interested in such instrument.   History. Source: L. 33: P. 353, § 5. CSA: C. 25, § 73. L. 51: P. 216, § 4. CRS 53: § 122-2-28. C.R.S. 1963: § 122-2-28. History. Source: L. 33: P. 353, § 5. CSA: C. 25, § 73. L. 51: P. 216, § 4. CRS 53: § 122-2-28. C.R.S. 1963: § 122-2-28.
CO Code § 11-41-130.5 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-130.5. Cessation of Business as an Association - Amendment of Articles

  Notwithstanding any provision of this article to the contrary, in connection with the sale of all or a substantial part of its assets, the board of directors of any savings and loan association may propose an amendment to its articles of incorporation to amend the objects and purposes to conform to those authorized in the “Colorado Business Corporation Act”, articles 101 to 117 of title 7, C.R.S., and to make such other amendments authorized by and not inconsistent with the provisions of article 110 of title 7, C.R.S. Such proposed amendments shall be submitted to the members or, if the savings and loan association has permanent stock, to the stockholders of said association for their approval. Upon approval, said amendments shall be submitted to the commissioner, together with a plan pursuant to subsection (2) of this section, for his approval.    The amendments to a savings and loan association's articles of incorporation shall be accompanied by a plan for the cessation of the conduct of a savings and loan association in the state.      The commissioner shall approve a plan only if:   He determines that an association has paid or has made provision through an assumption agreement or otherwise for its known and unclaimed liabilities to its depositors and account holders;    The amended articles of incorporation delete the words “savings and loan association”; and    The amended articles of incorporation expressly prohibit the conduct of a savings and loan or banking business in Colorado by the corporation.       In approving a plan, the commissioner may impose such terms and conditions as he deems necessary to protect the depositors, account holders, stockholders, members, and creditors of the savings and loan association.       Upon approval of a plan and the amendments to the articles of incorporation by the commissioner pursuant to this article and upon the filing of such amendments, along with the applicable filing fees with the secretary of state as provided by section 11-41-129 (4), a corporation shall continue in existence pursuant to the “Colorado Business Corporation Act”, articles 101 to 117 of title 7, C.R.S., but said corporation shall cease to be a savings and loan association or an association. The corporation's certificate of authority as a savings and loan association or an association shall automatically be canceled, without further action, and the corporation shall be deemed to be organized pursuant to the “Colorado Business Corporation Act”, articles 101 to 117 of title 7, C.R.S., and shall cease to be subject to the provisions of the “Savings and Loan Association Law”, articles 40 to 46 of this title.      History. Source: L. 84: Entire section added, p. 380, § 8, effective May 11. L. 93: (1) and (4) amended, p. 861, § 29, effective July 1, 1994.
CO Code § 11-41-132 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-132. Escheat Proceedings

  If the affairs of an association have been voluntarily liquidated as provided in articles 40 to 46 of this title and any liquidating dividends remain unclaimed after the approval of the final report of liquidation, the trustees for liquidation may transfer such unclaimed liquidating dividends to the commissioner. In case of such transfer or in case an association has been liquidated by the commissioner and any liquidating dividends remain unclaimed six years after the approval of the final report of such liquidation, the commissioner may elect to pay such unclaimed liquidating dividends to the state treasurer.    Due notice of such election shall be given by publication once a week for four successive weeks in some newspaper of general circulation in the county in this state where the last principal place of business of such association was located. Within fifteen days after the first publication, the commissioner shall mail a copy of the notice to each person whose liquidating dividends are to be paid to the state treasurer at the last address appearing on the books of the association.    After thirty days from the date of the last publication, the commissioner shall pay to the state treasurer any such liquidating dividends in his possession, less the costs of publication and mailing, and shall file with the state treasurer the affidavit of publication by the publisher and the affidavit of mailing by the commissioner, showing the dates of such publications and mailing. The state shall be answerable for such funds, without interest, anytime within twenty-one years after the same have been paid into the treasury, to such persons as shall be legally entitled thereto. After the lapse of twenty-one years from the time any such moneys have been paid into the state treasury, no claim therefor having been made and established by any person entitled thereto, said moneys shall become the property of the state and shall be transferred to the general fund.    Payment to the state treasurer shall discharge the commissioner from any further liability or responsibility for such moneys.     History. Source: L. 51: P. 216, § 5. CSA: C. 25, § 99. CRS 53: § 122-2-32. C.R.S. 1963: § 122-2-32. History. Source: L. 51: P. 216, § 5. CSA: C. 25, § 99. CRS 53: § 122-2-32. C.R.S. 1963: § 122-2-32.
CO Code § 11-41-134 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 41 - Organization and Powers|§ 11-41-134. Indemnification and Personal Liability of Directors, Officers, Employees, and Agents - Legislative Declaration

  The savings and loan association has the same powers, rights, and obligations and is subject to the same limitations as apply to corporations for profit as set forth in article 109 of title 7. Savings and loan association directors, officers, employees, and agents have the same rights as directors, officers, employees, and agents, respectively, of corporations for profit as set forth in article 109 of title 7. Savings and loan association directors and officers have the benefit of the same limitations on personal liability for any injury to person or property arising out of a tort as set forth in section 7-108-403, for directors and officers, respectively, of corporations for profit. Any reference in said sections to shareholders shall be construed to refer to stockholders for the purposes of this section.      The general assembly hereby finds, determines, and declares that the following is enforceable and in conformity with the public policy of this state, as expressed in articles 40 to 46 of this title:   Any insurance policy, form, contract, endorsement, or certificate in effect or issued on or after April 30, 1993, which provides insurance coverage to directors or officers, or both, of a savings and loan association but which does not grant coverage or which excludes coverage for claims made by any depository insurance organization or any other state or federal corporation, organization, or entity acting as receiver, conservator, or liquidator of such savings and loan association, whether in its own name or in behalf of any other person or entity; or    Any fidelity bond, financial institution bond, or depository institution bond in effect or issued on or after April 30, 1993, that provides for termination of such bond upon the taking over of the savings and loan association by a receiver or other liquidator or by state or federal officials.       No provision of articles 40 to 46 of this title shall be construed to contravene or modify the expressed public policy set forth in this subsection (2).         History. Source: L. 87: Entire section added, p. 371, § 16, effective May 20. L. 93: Entire section amended, p. 620, § 4, effective April 30; (1) amended, p. 862, § 30, effective July 1, 1994. L. 2019: (1) amended,(SB 19-086), ch. 166, p. 1965, § 68, effective July 1, 2020.    Editor's note:   Amendments to this section by House Bill 93-1154 and House Bill 93-1261 were harmonized.
CO Code § 11-42-101 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 42 - Shares and Stock|§ 11-42-101. Investment and Savings Shares

  Every association may issue and sell an unlimited number of shares of the following types, as described in this section:   “Investment shares” are shares on which the full payment has been made and on which dividends shall be paid in cash.    “Savings shares” are shares on which an initial payment has been made, and upon which further payments are to be made at such times and in such amounts as are optional with the member, and on which dividends shall be credited unless otherwise agreed that all or part shall be paid in cash.    “Short-term savings shares” are shares which are to be withdrawn in less than twenty-four months from the date on which such share account is opened, or a share account established for the purpose of accumulating funds to pay taxes or insurance premiums, or both, in connection with a loan on the security of a lien on real estate. No association shall be required to distribute earnings on short-term savings shares.        History. Source: L. 33: Pp. 312-317, §§ 1-6. CSA: C. 25, § 19. L. 39: P. 248, § 19. L. 43: P. 202, § 4. CRS 53: § 122-3-1. L. 55: P. 761, § 5. L. 59: P. 659, § 2. C.R.S. 1963: § 122-3-1. History. Source: L. 33: Pp. 312-317, §§ 1-6. CSA: C. 25, § 19. L. 39: P. 248, § 19. L. 43: P. 202, § 4. CRS 53: § 122-3-1. L. 55: P. 761, § 5. L. 59: P. 659, § 2. C.R.S. 1963: § 122-3-1.    ANNOTATION   A certificate of deposit payable to the order of depositor on demand makes depositor a creditor of a savings and loan association, not a member. Dollar Bldg. & Loan Ass'n v. Shields, 93 Colo. 480 , 27 P.2d 485 (1933).
CO Code § 11-42-102 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 42 - Shares and Stock|§ 11-42-102. Preliminary Requirements

 Shares may be purchased and held absolutely by or in trust for any person, partnership, association, corporation, or trustee. Certificates shall be issued to each purchaser of shares at the time of making full or initial payment thereon, and at the same time share account books shall be issued to purchasers of savings shares.   History. Source: L. 33: Pp. 312-317, §§ 1-6. CSA: C. 25, § 19. L. 39: P. 248, § 19. L. 43: P. 202, § 4. CRS 53: § 122-3-2. L. 55: P. 761, § 6. C.R.S. 1963: § 122-3-2. History. Source: L. 33: Pp. 312-317, §§ 1-6. CSA: C. 25, § 19. L. 39: P. 248, § 19. L. 43: P. 202, § 4. CRS 53: § 122-3-2. L. 55: P. 761, § 6. C.R.S. 1963: § 122-3-2.
CO Code § 11-42-103 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 42 - Shares and Stock|§ 11-42-103. Contents of Certificate - Accounts

 A share account shall be kept on the books of the association with each certificate holder showing the aggregate of all payments made, plus dividends paid in cash or credited. The aggregate of all payments made, plus dividends credited, less withdrawals, shall be termed the “certificate value” or “withdrawal value” of the account.   History. Source: L. 33: Pp. 312-317, §§ 1-6. CSA: C. 25, § 19. L. 39: P. 248, § 19. L. 43: P. 202, § 4. CRS 53: § 122-3-3. L. 55: P. 762, § 7. C.R.S. 1963: § 122-3-3. History. Source: L. 33: Pp. 312-317, §§ 1-6. CSA: C. 25, § 19. L. 39: P. 248, § 19. L. 43: P. 202, § 4. CRS 53: § 122-3-3. L. 55: P. 762, § 7. C.R.S. 1963: § 122-3-3.    ANNOTATION   A mutual association cannot contract as to maturity date of its stock. A mutual building and loan association has no power to contract with a shareholder that his stock will mature in a definite time. People's Bldg. & Loan Ass'n v. Purdy, 20 Colo. App. 287, 78 P. 465 (1904).