Colorado Code
Article 41 - Organization and Powers
§ 11-41-108. Refusal of Certificate - Appeal

If the commissioner, after an examination, believes for any reason that a certificate of approval should not be issued and refuses to issue the same, he shall file a written statement with a board consisting of the governor, the attorney general, and the state treasurer of the state of Colorado giving in detail his reasons for such refusal. After notice to all concerned and after a hearing, said board may order the commissioner to issue the certificate of approval or may approve his action in refusing a certificate of approval.
Source: L. 33: p. 293, § 7. CSA: C. 25, § 10. CRS 53: § 122-2-8. C.R.S. 1963: § 122-2-8.
Cross references: For hearing procedures, see § 24-4-105.

Structure Colorado Code

Colorado Code

Title 11 - Financial Institutions

Article 41 - Organization and Powers

§ 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