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.
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.
Structure Colorado Code
Title 11 - Financial Institutions
Article 30 - Credit Unions - General Provisions
§ 11-30-101. Definitions - Organization - Charter - Investigation
§ 11-30-101.7. Hearing Procedures for Community Field of Membership Credit Unions
§ 11-30-102. Bylaws of Credit Unions
§ 11-30-105. Exclusive Right to Use "Credit Union" in Title
§ 11-30-105. Exclusive Right to Use "Credit Union" in Title
§ 11-30-106. Examinations - Reports - Powers of Commissioner
§ 11-30-106.5. Assessment of Civil Money Penalties
§ 11-30-107. Fiscal Year - Meetings
§ 11-30-109. Directors and Officers - Compensation
§ 11-30-110. Credit Committee - Credit Officer
§ 11-30-111. Supervisory Committee
§ 11-30-115. Power to Borrow and Loan Money
§ 11-30-117.5. Share Insurance Required - Confidentiality
§ 11-30-119. Expulsion or Withdrawal of Members
§ 11-30-120. Suspension - Liquidation - Procedures
§ 11-30-120.5. Conversion - State to Federal Credit Union - Federal to State Credit Union
§ 11-30-121. Change in Place of Business
§ 11-30-124. Transfer of Functions - Conforming of Statutes
§ 11-30-125. Notice of Branch Opening and Closing
§ 11-30-126. Trust Account - Limited Documentation Required - Certificate of Trust