3 Colo. Code Regs. § 703-3-20.1

Current through Register Vol. 47, No. 22, November 25, 2024
Section 3 CCR 703-3-20.1 - Definition of Insolvency

A credit union shall be considered insolvent either when the book value of its shares and liabilities exceeds the book value of its assets or when it is unable to pay withdrawals of shares or deposits at the end of the notice period allowed by C.R.S. 11-30-119(1) or to pay other obligations as they become due. C.R.S. 11-30-120(1)

3 CCR 703-3-20.1

39 CR 15, August 10, 2016, effective 9/1/2016