§ 10-16-312 — Contracts with other organizations

Any corporation subject to
the provisions of part 1 of this article and this part 3 may contract with any agency,
instrumentality, or political subdivision of the United States of America, or of the
state of Colorado for the making available of hospital, medical-surgical, and other
health-care services, and in aid or furtherance of such contract may accept, receive,
and administer in trust, funds directly or indirectly made available by such agency,
instrumentality, or political subdivision. Any such corporation may also subcontract
with any organization which has contracted with any agency, instrumentality, or
political subdivision of the United States of America or of the state of Colorado for
the furnishing of hospital, medical-surgical, or other health services by which
subcontract such corporation undertakes to furnish the services specified by the
basic contract. Any corporation subject to the provisions of part 1 of this article and
this part 3 may also enter into agreements or contracts with other similar
organizations or corporations licensed to do business in this state or any other state
for the transfer of subscribers or members, for the reciprocal or joint provision of
benefits to the subscribers or members of such corporation and such organizations,
or such other joint undertakings as the corporation's board of directors or trustees
may approve.

Legislative History

Source: L. 92: Entire article R&RE, p. 1687, � 1, effective July 1.