Colorado Code
Article 41 - Organization and Powers
§ 11-41-127. Violations - Penalties


(2) [ Editor's note: This version of subsection (2) is effective March 1, 2022. ] Any person who willfully and knowingly violates section 11-41-103 and sections 11-41-124 to 11-41-126 commits a petty offense, and each such violation shall constitute a separate offense.

Source: L. 33: p. 362, § 23. CSA: C. 25, § 91. L. 39: p. 256, § 32. CRS 53: § 122-2-27. C.R.S. 1963: § 122-2-27. L. 77: (1) amended, p. 871, § 26, effective July 1, 1979. L. 89: (1) amended, p. 822, § 13, effective July 1. L. 2002: (1) amended, p. 1471, § 39, effective October 1. L. 2021: (2) amended, (SB 21-271), ch. 462, p. 3150, § 124, effective March 1, 2022.


Cross references: For the legislative declaration contained in the 2002 act amending subsection (1), see section 1 of chapter 318, Session Laws of Colorado 2002.

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