Colorado Code § 11-42-120

Shares or account not withdrawable
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No member whose shares are
pledged or whose account is pledged as security for a real estate loan from the association
issuing such shares or accepting such account shall be permitted to make a withdrawal or be
entitled to give any valid notice of intention to withdraw in respect of such shares or account
until the indebtedness for which such shares are pledged or for which such account is pledged as
security has been fully paid; except that withdrawals may be made without notice if the full
amount of such withdrawals is used to pay such indebtedness or any part thereof.

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