Colorado § 11-40-103 - Savings and loan association defined.
Full text of Colorado Colorado Revised Statutes § 11-40-103 — Savings and loan association defined., with citation guidance and answers to common questions.
§ 11-40-103. Savings and loan association defined.
A "savings and loan association", within the meaning of articles 40 to 46 of this title, is any domestic or foreign association or corporation formed, created, or organized to carry on the business of a savings and loan association, which is formed to encourage industry, thrift, home building, and saving among its members, by the accumulation of funds through the issuance and sale of its own shares, capital notes, or debentures, the acceptance of savings deposits, or any other manner permitted by the provisions of articles 40 to 46 of this title, the loaning or investment of the funds so accumulated to assist its members in acquiring real estate, in making improvements thereon, and in paying off existing encumbrances thereon, or for any other purposes or in any other manner permitted by the provisions of articles 40 to 46 of this title, and which accumulates funds to be returned to its members.
Source: L. 33: p. 284, § 2. CSA: C. 25, § 2. CRS 53: § 122-1-2. C.R.S. 1963: § 122-1-2. L. 69: p. 1013, § 1.
ANNOTATION
For a business with characteristics of a savings and loan association, see People ex rel. Griffith v. Standard Home Co., 59 Colo. 355, 148 P. 869 (1915).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-40-103
What does Colorado Revised Statutes § 11-40-103 cover?
Section 11-40-103 ("Savings and loan association defined.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 11-40-103?
A common citation format is "Colorado Revised Statutes § 11-40-103" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 11-40-103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.