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2022 Colorado Code
Title 11 - Financial Institutions
Article 30 - Credit Unions - General Provisions
§ 11-30-115. Power to Borrow and Loan Money
Universal Citation: CO Code § 11-30-115 (2022)
A credit union may borrow from any source a total sum which shall not exceed fifty percent of its shares, deposits, and undivided earnings. No credit union shall loan more than ten percent of its assets to any member or to another credit union.
Source: L. 31: p. 303, § 15. CSA: C. 47, § 15. L. 41: p. 376, § 15. L. 53: p. 239, § 1. CRS 53: § 38-1-15. C.R.S. 1963: § 38-1-15. L. 67: p. 320, § 12. L. 84: Entire section amended, p. 375, § 7, effective July 1.
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