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.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 80 - Limited Liability Companies
§ 7-80-401. Management of Limited Liability Company
§ 7-80-402. Designation of Managers
§ 7-80-403. Officers and Other Agents
§ 7-80-404. Duties of Members and Managers
§ 7-80-405. Members and Managers as Agents of the Limited Liability Company
§ 7-80-407. Reimbursement and Indemnification of Members and Managers
§ 7-80-408. Access to and Confidentiality of Information - Records - Accounting