Colorado § 11-42-101 - Investment and savings shares.
Full text of Colorado Colorado Revised Statutes § 11-42-101 — Investment and savings shares., with citation guidance and answers to common questions.
§ 11-42-101. Investment and savings shares.
(1) Every association may issue and sell an unlimited number of shares of the following types, as described in this section:
(a) "Investment shares" are shares on which the full payment has been made and on which dividends shall be paid in cash.
(b) "Savings shares" are shares on which an initial payment has been made, and upon which further payments are to be made at such times and in such amounts as are optional with the member, and on which dividends shall be credited unless otherwise agreed that all or part shall be paid in cash.
(c) "Short-term savings shares" are shares which are to be withdrawn in less than twenty-four months from the date on which such share account is opened, or a share account established for the purpose of accumulating funds to pay taxes or insurance premiums, or both, in connection with a loan on the security of a lien on real estate. No association shall be required to distribute earnings on short-term savings shares.
Source: L. 33: pp. 312-317, §§ 1-6. CSA: C. 25, § 19. L. 39: p. 248, § 19. L. 43: p. 202, § 4. CRS 53: § 122-3-1. L. 55: p. 761, § 5. L. 59: p. 659, § 2. C.R.S. 1963: § 122-3-1.
ANNOTATION
A certificate of deposit payable to the order of depositor on demand makes depositor a creditor of a savings and loan association, not a member. Dollar Bldg. & Loan Ass'n v. Shields, 93 Colo. 480, 27 P.2d 485 (1933).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-42-101
What does Colorado Revised Statutes § 11-42-101 cover?
Section 11-42-101 ("Investment and savings shares.") 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 § 11-42-101?
A common citation format is "Colorado Revised Statutes § 11-42-101" (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 § 11-42-101 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.