No member whose shares are pledged or whose account is pledged as security for a real estate loan from the association issuing such shares or accepting such account shall be permitted to make a withdrawal or be entitled to give any valid notice of intention to withdraw in respect of such shares or account until the indebtedness for which such shares are pledged or for which such account is pledged as security has been fully paid; except that withdrawals may be made without notice if the full amount of such withdrawals is used to pay such indebtedness or any part thereof.
Source: L. 33: p. 320, § 4. CSA: C. 25, § 30. CRS 53: § 122-3-20. C.R.S. 1963: § 122-3-20. L. 83: Entire section amended, p. 502, § 4, effective May 23.
Structure Colorado Code
Title 11 - Financial Institutions
§ 11-42-101. Investment and Savings Shares
§ 11-42-102. Preliminary Requirements
§ 11-42-103. Contents of Certificate - Accounts
§ 11-42-104. Participating and Limited Dividend Shares
§ 11-42-105. Responsibility for Losses - Extent
§ 11-42-106. Transfer of Shares
§ 11-42-108. Assessment to Restore Impaired Permanent Stock
§ 11-42-109. Sale of Delinquent Stock
§ 11-42-110. Forfeiture of Delinquent Stock
§ 11-42-111. Reserves and Distribution of Earnings
§ 11-42-112. Requirements for Sale of Permanent Stock
§ 11-42-113. Redemption of Shares or Stock
§ 11-42-115. Power to Issue Shares to Minors or in Trust
§ 11-42-117. Notice of Intention to Withdraw
§ 11-42-120. Shares or Account Not Withdrawable
§ 11-42-121. Payment of Withdrawals
§ 11-42-122. Limitation on Withdrawals
§ 11-42-124. Applicable to Previously Issued Certificates
§ 11-42-125. Associations Authorized to Accept Deposit Accounts