{"data":{"id":"us-co/c.r.s.-7-48-114","jurisdiction":"us-co","citation":"C.R.S. § 7-48-114","heading":"Deposit of funds.","body":"No corporation formed under the provisions of this article shall at any time be authorized to receive money on deposit. 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.","path":["Title 7 - CORPORATIONS AND ASSOCIATIONS","Article 48 - Business Development Corporations"],"source_url":"https://olls.info/crs/crs2026-title-07.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"083d084b8793cbfbf3ba314079ac5e5c5c8442c7c52242e1d1374df4a8e48cdf","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-7-48-113","next":"us-co/c.r.s.-7-48-115"},"notice":"GroundRules: Original legal text. Not legal advice."}