Management of limited liability company
C.R.S. § 7-80-401
in effect7-80-401. Management of limited liability company. (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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-07.docx#7-80-401Fetched: 10/6/2026