Colo. Rev. Stat. » Title 7
Colorado Revised Statutes

Colo. Rev. Stat. § 7-80-402 (2024)

Designation of managers

✓ C.R.S. 2024: the 2025 and 2026 sessions are not included
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The members of a limited liability company, the articles of organization of which provide that management of the limited liability company is vested in one or more managers, may designate one or more persons to be managers. A manager who is an individual shall be eighteen years of age or older. Managers may be designated and removed by the consent of a majority of the members.

Source: L. 2004: Entire part R&RE, p. 939, § 6, effective July 1. L. 2006: Entire section amended, p. 857, § 22, effective July 1.

Editor's note: This section is similar to former § 7-80-402 as it existed prior to 2004.

Notes of Decisions
Cited in 2 cases, 2003–2019 · leading case: Props. Dev. Corp. v. Hinds, 2019 COA 102.
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Props. Dev. Corp. v. Hinds, 2019 COA 102. · cites it 4× “See § 7-80-102(8) (defining “manager” of limited liability company); § 7-80-402, C.R.S. 2018 (addressing 15 designation of manager of limited liability company); § 7-80-404, C.”
In re Albright, 291 B.R. 538 (Bankr. D. Colo. 2003). · cites it 2× “See Colo.Rev.Stat. § 7-80-402 and § 7-80-405.”
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