Colo. Rev. Stat. § 7-49-117
Current through Chapter 492 of the 2024 Legislative Session
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.
C.R.S. § 7-49-117