Colo. Rev. Stat. § 11-41-108

Current through 11/5/2024 election

Section 11-41-108 - Refusal of certificate - appeal

If the commissioner, after an examination, believes for any reason that a certificate of approval should not be issued and refuses to issue a certificate of approval, the commissioner shall file a written statement with the governor, the attorney general, and the state treasurer, giving in detail the commissioner's reasons for the refusal. After notice to all concerned and after a hearing, the governor, attorney general, and state treasurer may order the commissioner to issue the certificate of approval or may approve the commissioner's action in refusing a certificate of approval.

C.R.S. § 11-41-108

Amended by 2024 Ch. 350,§ 20, eff. 8/7/2024, app. to the operations of the division of financial services, the commissioner of financial services, the financial services board, credit unions, savings and loan associations, and life care institutions on or after 8/7/2024, including the imposition of fines by the commissioner of financial services against a person who violates a cease-and-desist order or a suspension or removal order.

L. 33: p. 293, § 7. CSA: C. 25, § 10. CRS 53: § 122-2-8. C.R.S. 1963: § 122-2-8.

2024 Ch. 350, was passed without a safety clause. See Colo. Const. art. V, § 1(3).

For hearing procedures, see §24-4-105 .