Colorado Revised Statutes Title 6. Consumer and Commercial Affairs § 6-19-203. Attorney general review and assessment

(I) Hire experts, at the expense of the parties to the transaction, as similarly provided for in section 6-19-406(1)(b) and to accept and expend grants or donations, or both, as similarly provided for in section 6-19-406(1)(e);

(II) Contract and consult with other state agencies as similarly provided for in section 6-19-406(1)(a);

(III) Require production of material documentation, such as the proposed agreements relating to the proposed transaction, agreements regarding collateral transactions relating to the proposed transaction, and any reports of financial and economic analysis that the nonprofit entity reviewed or relied on in negotiating the proposed transaction. These documents shall be treated in the same manner as set forth in section 6-19-404(4).

(IV) Hold a public hearing as similarly provided for in section 6-19-404(1). The attorney general shall provide a written determination within the time frames or extended time frames as similarly provided for in section 6-19-402(2).

(I) The assets continue to be dedicated to charitable purposes;

(II) The directors or trustees of the parties to the transaction have not acted unreasonably in light of the financial circumstances of the parties;

(III) The directors or trustees of the parties to the transaction have not acted unreasonably in accommodating the affected community or communities; and

(IV) The directors or trustees of the parties to the transaction have not breached their fiduciary duties or otherwise engaged in misconduct in such transaction.