1. (1) Upon taking possession of the property, business, and assets of an association, the commissioner shall require the president and secretary of the association to:

   1. (a) Make a schedule of all of the association's property and assets and all collateral held by the association as security for loans;
   2. (b) State under oath that the schedule sets forth all property, assets, and collateral that the association owns or to which it is entitled; and
   3. (c) Deliver to the commissioner the schedule and the possession of all property and collateral that has not been previously delivered to the commissioner.
2. (2) The commissioner may examine the president and secretary; the other officers of the association; or the directors, agents, or employees under oath at any time to determine whether all the property, assets, and collateral that the association owns or to which it is entitled have been transferred and delivered to the commissioner.

Source: L. 33: p. 344, § 14. CSA: C. 25, § 60. CRS 53: § 122-6-15. C.R.S. 1963: § 122-5-15. L. 2024: Entire section amended, (HB 24-1381), ch. 350, p. 2384, § 51, effective August 7.