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.

Source: L. 33: p. 293, § 7. CSA: C. 25, § 10. CRS 53: § 122-2-8. C.R.S. 1963: § 122-2-8. L. 2024: Entire section amended, (HB 24-1381), ch. 350, p. 2369, § 20, effective August 7.

Cross references: For hearing procedures, see § 24-4-105.