As a condition to allowing an association to resume business, the commissioner may require the association to merge with a domestic, foreign, or federal savings and loan association. In the case of such a supervisory merger initiated by the commissioner or the federal deposit insurance corporation or its successor, the provisions of section 11-43-101 shall not apply.
Source: L. 82: Entire section added, p. 246, § 1, effective March 25. L. 2004: Entire section amended, p. 152, § 61, effective July 1.
Structure Colorado Code
Title 11 - Financial Institutions
Article 44 - Division of Financial Services
§ 11-44-101. Division of Financial Services Created
§ 11-44-101.5. Division Subject to Termination - Repeal of Article
§ 11-44-101.6. Financial Services Board - Creation
§ 11-44-101.7. Powers of the Financial Services Board
§ 11-44-101.8. Review of Commissioner Actions by Financial Services Board - Judicial Review
§ 11-44-102. Commissioner - Duties - Employees
§ 11-44-103. Powers of Commissioner
§ 11-44-103.5. Record Retention by the Commissioner
§ 11-44-104. Commissioner May Delegate Powers
§ 11-44-105. Commissioner May Institute Suits
§ 11-44-106. Issuance of Subpoenas
§ 11-44-106.5. Suspension or Removal of Directors, Officers, or Employees
§ 11-44-109. Examination by Commissioner - Procedure - Penalty
§ 11-44-110. Power to Take Possession of Association
§ 11-44-110.5. Supervisory Mergers
§ 11-44-111. Appeal From Commissioner's Action
§ 11-44-113. Procedure Under Court Order
§ 11-44-114. Noncompliance With Orders - Penalty
§ 11-44-114. Noncompliance With Orders - Penalty
§ 11-44-115. Officers to Furnish Schedule of Property
§ 11-44-116. Liquidation Powers of Commissioner
§ 11-44-118. Commissioner and Deputy Not to Accept Gifts
§ 11-44-119. Association's Right to Resort to Court
§ 11-44-120. Records of Commissioner