C.R.S. § 7-80-401: Management of limited liability company.
Where this section sits in the code
- Title 7 - CORPORATIONS AND ASSOCIATIONS
- Article 80 - Limited Liability Companies
- Part 4 - MANAGEMENT
(1) Except as provided in subsection (2) of this section, decisions with respect to a limited liability company shall be made by a majority of the members or, if the limited liability company has one or more managers, by a majority of the managers.
(2) The consent of each member is necessary to:
(a) Amend the articles of organization;
(b) Amend the operating agreement; and
(c) Authorize an act of the limited liability company that is not in the ordinary course of the business of the limited liability company.
(3) A person or persons who will be admitted as a member or members pursuant to section 7-80-701 (2) may, by unanimous consent, amend the operating agreement to be effective immediately before the admission of the person or persons.
Collected 2026-09-14T18:37:45Z. Source file · JSON