C.R.S. § 7-80-1208: Governing body.

(1) An artist company has the same governance options provided to limited liability companies generally under this article 80.

(2) The incorporators of an artist company may elect in the articles of organization one of the following governance structures:

(a) Governance by members, with voting based on ownership percentages;

(b) Governance by a single manager, with the manager elected by members; or

(c) Governance by a board of managers, with managers elected by members.

(3) More complex governance structures, including separate voting for artistic decisions versus business decisions, may be specified in an operating agreement.