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Section 11-41-124 - Officers or directors to receive no commission — Colorado Law | CourtGPT
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  3. Colorado/
  4. Title 11 - Financial Institutions Banks and Industrial Banks (§§ 11-1-101 — 11-24-107)banking Code (§§ 11-1-101 — 11-11-101)/
  5. Savings and Loan Associations/
  6. Article 41 - Organization and Powers/
  7. Section 11-41-124 - Officers or directors to receive no commission
Colorado Legal Code

Section 11-41-124 - Officers or directors to receive no commission

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No officer or director of any savings and loan association shall take or receive for himself, directly or indirectly, any commission, compensation, remuneration, gift, speculative interest, or other thing of value as an inducement to the making of any loan by the association or the purchase of any securities for the association or for the sale of any of the stock of the association.L. 33: p. 354, § 6. CSA: C. 25, § 74. CRS 53: § 122-2-24. C.R.S. 1963: § 122-2-24.