Colorado § 6-19-202 Notice

Colorado Statutes

§ 6-19-202 — Notice

Colorado·Title 06 Consumer·Art. Transactions Involving Licensed Hospitals

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 purposes to the hospital
involved in the transaction. The statement may include a certification by the chief
executive officer as approved by the board of directors or board of trustees of the
nonprofit entity transferring its assets that there will be no material change in the
charitable purposes to which the transferred assets are dedicated as a result of the
transaction.

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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 purposes to the hospital
involved in the transaction. The statement may include a certification by the chief
executive officer as approved by the board of directors or board of trustees of the
nonprofit entity transferring its assets that there will be no material change in the
charitable purposes to which the transferred assets are dedicated as a result of the
transaction.

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