Colo. Rev. Stat. § 11-30-105

Current through Acts effective through 6/7/2024 of the 2024 Legislative Session

Section 11-30-105 - Exclusive right to use "credit union" in title - penalty

A credit union organized in accordance with the provisions of this article 30, or in accordance with the laws of the United States or the laws of another state or territory of the United States, has the exclusive right to use the words "credit union" in its name or title; but an association composed of credit unions transacting business in this state may use the words "credit union" in its name or title. Any other person, association, corporation, or partnership using the words "credit union" in its name or title commits a petty offense.

C.R.S. § 11-30-105

Amended by 2021 Ch. 462,§120, eff. 3/1/2022.

L. 31: p. 297, § 3. CSA: C. 47, § 3. L. 41: p. 371, § 3. CRS 53: § 38-1-3. C.R.S. 1963: § 38-1-3. L. 92: Entire section amended, p. 934, § 1, effective April 2.

Section 803(2) of chapter 462 (SB 21-271), Session Laws of Colorado 2021, provides that the act changing this section applies to offenses committed on or after March 1, 2022.