Colorado Code § 10-16-421.5

Acquisition of control of or merger of a health maintenance organization
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No person may make a tender for or a request or invitation for tenders of, or enter
into an agreement to exchange securities for or acquire in the open market or otherwise, any
voting security of a health maintenance organization or enter into any other agreement if, after
the consummation thereof, that person would, directly or indirectly, (or by conversion or by
exercise of any right to acquire) be in control of the health maintenance organization, and no
person may enter into an agreement to merge or consolidate with or otherwise to acquire control
of a health maintenance organization, unless, at the time any offer, request, or invitation is made
or any agreement is entered into, or prior to the acquisition of the securities if no offer or
agreement is involved, the person has filed with the commissioner and has sent to the health
maintenance organization information required by sections 10-3-801, 10-3-802, 10-3-803 (2) to
(11), and 10-3-803.5 and the offer, request, invitation, agreement, or acquisition has been
approved by the commissioner.

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