Colorado § 11-47-120 - Authority to accept deposits - acceptance of insured deposits.
Full text of Colorado Colorado Revised Statutes § 11-47-120 — Authority to accept deposits - acceptance of insured deposits., with citation guidance and answers to common questions.
§ 11-47-120. Authority to accept deposits - acceptance of insured deposits.
Any state-chartered savings and loan association, or any federally chartered savings and loan association having its principal office in this state that is authorized by the laws of this state or of the United States to accept deposit accounts or savings deposits, is authorized to accept and hold, and any governmental unit is authorized to make and maintain in such association, deposits of public moneys as provided in this article. Any such association is authorized to accept and hold, and any governmental unit is authorized to make and maintain therein, deposits of public moneys to the extent that the full amount thereof is insured by the federal deposit insurance corporation or its successor, even though such association has not elected to be designated as an eligible public depository under the provisions of this article.
Source: L. 75: Entire article added, p. 406, § 1, effective July 1. L. 2004: Entire section amended, p. 146, § 43, effective July 1.
11-47.5 ARTICLE 47.5
Savings and Loan Guaranty Act
11-47.5-101 to 11-47.5-109. (Repealed)
Source: L. 91: Entire article repealed, p. 666, § 7, effective May 31.
Editor's note: This article was added in 1987. For amendments to this article prior to its repeal in 1991, consult the Colorado statutory research explanatory note and the table itemizing the replacement volumes and supplements to the original volume of C.R.S. 1973 beginning on page vii in the front of this volume.
ARTICLE 48
Electronic Funds Transfers for Financial Institutions Other Than Banks
11-48-100.3. Definitions.
11-48-101. Applicability.
11-48-102. Limitations.
11-48-103. Communications facility. (Repealed)
11-48-104. No operation by financial institution employees.
11-48-105. Sharing.
11-48-106. Consumer protection.
11-48-107. Access to automated clearinghouse.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-47-120
What does Colorado Revised Statutes § 11-47-120 cover?
Section 11-47-120 ("Authority to accept deposits - acceptance of insured deposits.") 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 § 11-47-120?
A common citation format is "Colorado Revised Statutes § 11-47-120" (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 § 11-47-120 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.