Colorado Revised Statutes Title 7. Corporations and Associations § 7-80-405. Members and managers as agents of the limited liability company

(1) If the articles of organization provide that management of the limited liability company is vested in one or more managers:

(2) If the articles of organization provide that management of the limited liability company is vested in the members, each member is an agent of the limited liability company for the purposes of its business and an act of a member, including the execution of an instrument in the name of the limited liability company, for apparently carrying on in the ordinary course the business of the limited liability company or business of the kind carried on by the limited liability company binds the limited liability company, unless the member had no authority to act for the limited liability company in the particular matter and the person with whom the member was dealing had notice that the member lacked authority.