C.R.S. Section 11-41-122
Membership fees

(1)

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.

(2)

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:

(a)

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.

(b)

For travel expenses incurred as a result of compliance, the amount provided in section 13-33-103 (1), C.R.S.;

(c)

For personnel costs incurred as a result of compliance, the amount of two dollars and fifty cents for each quarter hour, or fraction thereof.

Source: Section 11-41-122 — Membership fees, (accessed Dec. 24, 2024).

11‑41‑101
General organization 11‑41‑102
Restriction on corporate name 11‑41‑103
Use of name “savings and loan association” restricted 11‑41‑104
Articles of incorporation 11‑41‑105
Minimum stock subscription - issuance of preferred stock 11‑41‑106
Approval of articles of incorporation 11‑41‑107
Documents deposited with commissioner 11‑41‑108
Refusal of certificate - appeal 11‑41‑109
Certificate of approval - where articles filed 11‑41‑110
Body corporate 11‑41‑111
Renewal of corporate life 11‑41‑112
Powers of savings and loan associations 11‑41‑112.5
Savings and loan association as fiduciary 11‑41‑113
Federal home loan bank membership 11‑41‑114
How funds invested 11‑41‑115
Interest rates on loans 11‑41‑116
Where associations may operate 11‑41‑117
Insurance of shares 11‑41‑117.5
Insurance of obligations 11‑41‑118
Loans - investment in notes or bonds 11‑41‑119
Loans to members and other loans 11‑41‑121
Merger, consolidation, and transfer 11‑41‑122
Membership fees 11‑41‑123
Directors and meetings 11‑41‑124
Officers or directors to receive no commission 11‑41‑125
Loans to officers and directors 11‑41‑126
Bonds of officers 11‑41‑127
Violations - penalties 11‑41‑128
Acknowledgments 11‑41‑129
Amendment of articles of incorporation 11‑41‑130
Reorganization 11‑41‑130.5
Cessation of business as an association - amendment of articles 11‑41‑131
Dissolution 11‑41‑132
Escheat proceedings 11‑41‑133
Acquisition of majority control over an existing association - definitions 11‑41‑134
Indemnification and personal liability of directors, officers, employees, and agents - legislative declaration
Green check means up to date. Up to date

Current through Fall 2024

§ 11-41-122’s source at