Definitions

7-48-102. Definitions. As used in this article, unless the context otherwise requires: (1) Board of directors means the board of directors of a corporation created under this article. (2) Corporation means a Colorado business development corporation created under the provisions of this article. (3) Financial institution means any bank, trust company, savings and loan association, public or private pension or retirement fund, insurance company or related corporation, partnership, foundation, or other institution engaged in lending or investing funds. (4) Loan limit for any member means the maximum amount permitted to be outstanding at one time on loans made by such member to a corporation as determined under the provisions of this article. (5) Member means any financial institution which undertakes to lend money to a corporation created under this article, upon its call and in accordance with the provisions of this article. Source: L. 65: p. 447, � 1. C.R.S. 1963: � 31-23-2. L. 2013: (3) amended, (SB 13-154), ch. 282, p. 1469, � 23, effective July 1. Cross references: For additional definitions applicable to this article, see � 7-90-102.