Section 11-44-106 - Issuance of subpoenas

(1) The commissioner may: (a) Issue subpoenas and require attendance of any officer, director, agent, salesperson, collector, or employee of any association and any other witnesses that the commissioner may deem necessary in relation to the association's affairs, transactions, and conditions;(b) Require witnesses to answer questions that the commissioner may put to them; and(c) Require witnesses to produce books, papers, or documents in their possession.(2) Upon application of the commissioner, any person served with a subpoena issued by the commissioner may be required, by order of the district court of the county where the association has its principal office, to:(a) Appear and answer questions that the commissioner may put to the person; and(b) Produce books, papers, or documents in the person's possession that the commissioner may require.Amended by 2024 Ch. 350,§ 46, eff. 8/7/2024, app. to the operations of the division of financial services, the commissioner of financial services, the financial services board, credit unions, savings and loan associations, and life care institutions on or after 8/7/2024, including the imposition of fines by the commissioner of financial

rvices, the financial services board, credit unions, savings and loan associations, and life care institutions on or after 8/7/2024, including the imposition of fines by the commissioner of financial services against a person who violates a cease-and-desist order or a suspension or removal order.L. 33: p. 336, § 5. CSA: C. 25, § 51. CRS 53: § 122-6-6. C.R.S. 1963: § 122-5-6.Section 67(2) of chapter 350 (HB 24-1381), Session Laws of Colorado 2024, provides that the act changing this section applies to the operations of the division of financial services, the commissioner of financial services, the financial services board, credit unions, savings and loan associations, and life care institutions on or after August 7, 2024, including the imposition of fines by the commissioner of financial services against a person who violates a cease-and-desist order or a suspension or removal order.2024 Ch. 350, was passed without a safety clause. See Colo. Const. art. V, § 1(3).