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2020 Colorado Revised Statutes
Title 7 - Corporations And Associations
Article 49. Older Housing
Section 7-49-117. Deposit of funds.
Universal Citation: CO Rev Stat § 7-49-117 (2020)
The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated.
Source: L. 75: Entire article added, p. 270, § 1, effective June 29.
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