Colorado § 7-48-102 - Definitions.
Full text of Colorado Colorado Revised Statutes § 7-48-102 — Definitions., with citation guidance and answers to common questions.
§ 7-48-102. Definitions.
As used in this article, unless the context otherwise requires:
(1) "Board of directors" means the board of directors of a corporation created under this article.
(2) "Corporation" means a Colorado business development corporation created under the provisions of this article.
(3) "Financial institution" means any bank, trust company, savings and loan association, public or private pension or retirement fund, insurance company or related corporation, partnership, foundation, or other institution engaged in lending or investing funds.
(4) "Loan limit" for any member means the maximum amount permitted to be outstanding at one time on loans made by such member to a corporation as determined under the provisions of this article.
(5) "Member" means any financial institution which undertakes to lend money to a corporation created under this article, upon its call and in accordance with the provisions of this article.
Source: L. 65: p. 447, § 1. C.R.S. 1963: § 31-23-2. L. 2013: (3) amended, (SB 13-154), ch. 282, p. 1469, § 23, effective July 1.
Cross references: For additional definitions applicable to this article, see § 7-90-102.
Frequently Asked Questions About Colorado § 7-48-102
What does Colorado Revised Statutes § 7-48-102 cover?
Section 7-48-102 ("Definitions.") 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 § 7-48-102?
A common citation format is "Colorado Revised Statutes § 7-48-102" (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 § 7-48-102 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.