Colorado Code § 11-41-108

Refusal of certificate - appeal
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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.

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