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Colorado Revised Statutes Title 11. Financial Institutions § 11-44-115. Officers to furnish schedule of property

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Upon taking possession of the property, business, and assets of an association, the commissioner shall require the president and secretary of the association to:

(a) Make a schedule of all of the association's property and assets and all collateral held by the association as security for loans;

(b) State under oath that the schedule sets forth all property, assets, and collateral that the association owns or to which it is entitled; and

(c) Deliver to the commissioner the schedule and the possession of all property and collateral that has not been previously delivered to the commissioner.

(2) The commissioner may examine the president and secretary, the other officers of the association, or the directors, agents, or employees under oath at any time to determine whether all the property, assets, and collateral that the association owns or to which it is entitled have been transferred and delivered to the commissioner.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 11. Financial Institutions § 11-44-115. Officers to furnish schedule of property - last updated January 01, 2025 | https://codes.findlaw.com/co/title-11-financial-institutions/co-rev-st-sect-11-44-115/

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