No officer or director of any savings and loan association shall take or receive for himself, directly or indirectly, any commission, compensation, remuneration, gift, speculative interest, or other thing of value as an inducement to the making of any loan by the association or the purchase of any securities for the association or for the sale of any of the stock of the association.
Source: L. 33: p. 354, § 6. CSA: C. 25, § 74. CRS 53: § 122-2-24. C.R.S. 1963: § 122-2-24.
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