3 Colo. Code Regs. § 703-3-18.1
Current through Register Vol. 47, No. 22, November 25, 2024
The amount of a dividend shall not be paid until provisions for reserves as required by law and these regulations have been properly made. No dividend may be paid by a board of directors having knowledge at the time of such payment that an asset charge-off directed by the Commissioner has not been entered and reflected on the books of the credit union. C.R.S. 11-30-118
3 CCR 703-3-18.1