Upon taking possession of the property, business, and assets of any association, the commissioner shall require the president and secretary of such association to make a schedule of all its property and assets and of all collateral held by it as security for loans, and to make oath that such schedule sets forth all such property, assets, and collateral which such association owns or to which it is entitled, and to deliver such schedule and the possession of all such property and collateral as may not have been so previously delivered to the commissioner, who may examine under oath such president and secretary, the other officers of such association, or the directors, agents, or employees thereof at any time to determine whether or not all the property, assets, and collateral which such association owns or to which it is entitled have been transferred and delivered into his possession.
Source: L. 33: p. 344, § 14. CSA: C. 25, § 60. CRS 53: § 122-6-15. C.R.S. 1963: § 122-5-15.
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