Stock certificates or membership certificates issued by cooperative housing corporations to tenant-stockholders shall be valid securities for investment by savings and loan associations, when the conditions imposed by section 11-41-119 (13), C.R.S., are met.
Source: L. 80: Entire article added, p. 705, § 1, effective July 1. L. 99: Entire section amended, p. 629, § 39, effective August 4.
Structure Colorado Code
Title 38 - Property - Real and Personal
Article 33.5 - Cooperative Housing Corporations - Housing for Members
§ 38-33.5-101. Method of Formation - Purpose
§ 38-33.5-102. Requirements for Articles of Incorporation of Cooperative Housing Corporations
§ 38-33.5-103. Provisions Relating to Taxes, Interest, and Depreciation on Corporate Property
§ 38-33.5-104. Financing of Cooperative Housing - Stock Certificates Held by Tenant-Stockholders