Colorado Code § 25-3-106

Unincorporated associations
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An unincorporated association organized and
existing for the purpose of providing hospital services for its members shall be governed,
managed, and controlled by a board of trustees selected in accordance with the provisions of the
state constitution and bylaws of such association. Such board of trustees shall have the right to
acquire, own, and hold, in the name of such association or in the name of persons who hold title
in trust for said association, real property devoted to or connected with hospital purposes and to
operate and manage the same in accordance with the laws of this state, and such board of
trustees shall have the power and right from time to time to sell, convey, lease, or otherwise
dispose of such property, including any hospital building of such association, whenever
acquired, and to direct the sale, conveyance, lease, or other disposition of the same by persons
who hold the title to such property in trust for said association to such purchaser, lessee, or other
person or entity for such price and upon such terms and conditions as may be determined by
resolution of the board of trustees of the association adopted by two-thirds vote of the entire
board of trustees of such association at any regular or special meeting of said board. The sale,
conveyance, lease, or other disposition of such property may be made in the manner provided in
this section to any person, corporation, county, municipality, or other entity.

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