{"data":{"id":"us-co/c.r.s.-7-49-117","jurisdiction":"us-co","citation":"C.R.S. § 7-49-117","heading":"Deposit of funds.","body":"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 49 - Older Housing"],"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":"704d6434767c1dcb1c2911e8138718bc0336e77c3adc53b9a75e10d23335ae40","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-7-49-116","next":"us-co/c.r.s.-7-49-118"},"notice":"GroundRules: Original legal text. Not legal advice."}