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.
Source: L. 33: p. 296, § 11. CSA: C. 25, § 14. CRS 53: § 122-2-16. C.R.S. 1963: § 122-2-16.
Structure 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
§ 11-41-111. 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
§ 11-41-123. 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
§ 11-41-129. Amendment of Articles of Incorporation
§ 11-41-130.5. Cessation of Business as an Association - Amendment of Articles
§ 11-41-132. Escheat Proceedings
§ 11-41-133. Acquisition of Majority Control Over an Existing Association - Definitions