C.R.S. Section 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.

Source: Section 11-41-125 — Loans to officers and directors, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-11.­pdf (accessed Oct. 20, 2023).

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

§ 11-41-125’s source at colorado​.gov