A nonprofit corporation cannot be a constituent entity in connection with any merger with or conversion into a public benefit corporation.

Source: L. 2013: Entire part added, (HB 13-1138), ch. 230, p. 1100, § 1, effective April 1, 2014. L. 2017: (2), (4)(b), and (4)(c) amended and (4)(d) added, (HB 17-1200), ch. 386, p. 2000, § 2, effective August 9. L. 2019: (3) amended, (SB 19-086), ch. 166, p. 1925, § 27, effective July 1, 2020. L. 2022: Entire section amended, (SB 22-045), ch. 33, p. 182, § 1, effective August 10.