Title 6, Consumer and Commercial Affairs
0 chapters · 428 sections in this title.
Colo. Rev. Stat. § 6-19-101 Legislative declaration
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(1) The general assembly hereby finds, determines, and declares that all licensed and certified hospitals provide a service to the public by making health-care services available to the communities they serve. (2) Furthermore, for purposes of the attorney general's authority over…
Colo. Rev. Stat. § 6-19-102 Definitions
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As used in this article, unless the context otherwise requires: (1) Covered transaction means any transaction that would result in the sale, transfer, lease, exchange, or other disposition of fifty percent or more of the assets of a hospital. A series of transactions taking place…
Colo. Rev. Stat. § 6-19-103 Procedures for covered transactions - notice - attorney general powers
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(1) The parties to a covered transaction shall provide notice of such transaction to the attorney general no later than sixty days prior to the transaction closing or effective date of the transaction. The notice to the attorney general shall be in writing, shall include the info…
Colo. Rev. Stat. § 6-19-104 Attorney general - effect on powers
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(1) Nothing in this article shall be construed as limiting the attorney general's common law powers. (2) Nothing in this article shall affect the regulatory authority of any government agency other than the department of law. Source: L. 98: Entire article added, p. 522, � 1, effe…
Colo. Rev. Stat. § 6-19-201 Scope of part 2
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This part 2 applies to covered transactions involving a nonprofit hospital and another nonprofit entity. Source: L. 98: Entire article added, p. 522, � 1, effective April 30.
Colo. Rev. Stat. § 6-19-202 Notice
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Notice shall be provided by the parties to a covered transaction according to section 6-19-103 and shall include a statement on the charitable purposes of each nonprofit entity entering into the covered transaction as well as a statement concerning the relationship of these purpo…
Colo. Rev. Stat. § 6-19-203 Attorney general review and assessment
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(1) A covered transaction under this part 2 that will not result in a material change in the charitable purposes to which the assets of the hospital have been dedicated, and will not result in a termination of the attorney general's jurisdiction over those assets caused by a tran…
Colo. Rev. Stat. § 6-19-301 Scope of part 3
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This part 3 applies to covered transactions where the parties involved in the transaction are all for-profit entities. Source: L. 98: Entire article added, p. 524, � 1, effective April 30.
Colo. Rev. Stat. § 6-19-302 Notice
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The parties to a covered transaction governed by this part 3 shall provide the notice required by section 6-19-103. Source: L. 98: Entire article added, p. 524, � 1, effective April 30.
Colo. Rev. Stat. § 6-19-401 Scope of part 4
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This part 4 applies to covered transactions involving a nonprofit hospital and a for-profit entity. Source: L. 98: Entire article added, p. 524, � 1, effective April 30.
Colo. Rev. Stat. § 6-19-402 Notice and filing
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(1) The notice and filing provided to the attorney general pursuant to section 6-19-103 shall include all proposed agreements relating to the proposed transaction, all agreements regarding collateral transactions that relate to the principal transaction, any reports of financial …
Colo. Rev. Stat. § 6-19-403 Certification and criteria
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(1) The proposed transaction shall comply with the provisions of this section, and the parties to the transaction shall include in the filing required by section 6-19-402 documentation and certification from the parties, either joint or several as appropriate, that the covered tr…
Colo. Rev. Stat. § 6-19-404 Attorney general review
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(1) No later than thirty days after the attorney general has received the completed notice and filing pursuant to section 6-19-402, the attorney general shall hold at least one public hearing in the service area of the hospital involved in the transaction, at which the attorney g…
Colo. Rev. Stat. § 6-19-405 Post-transaction requirements
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For a period of not less than five years, the nonprofit charitable organization receiving the proceeds of the covered transaction shall provide the attorney general with an annual report of its grant-making and other charitable activities related to its use of the proceeds of the…
Colo. Rev. Stat. § 6-19-406 Attorney general powers
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(1) The attorney general has the following powers: (a) To contract with, consult with, and receive advice from any state agency on those terms and conditions that the attorney general and the executive director deem appropriate; (b) To contract with persons including, but not lim…
Colo. Rev. Stat. § 6-19-407 Attorney general review and assessment
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(1) The attorney general may review any notice and filing made under this part 4 and assess whether the proposed transaction complies with the requirements of section 6-19-403. (2) If, after review and assessment, the attorney general concludes that all of the requirements of sec…