Colorado § 7-80-1207 - Ownership of equity.
Full text of Colorado Colorado Revised Statutes § 7-80-1207 — Ownership of equity., with citation guidance and answers to common questions.
§ 7-80-1207. Ownership of equity.
(1) Subject to the requirements set forth in section 7-80-1203 (1)(c), an artist company has the same options with respect to equity ownership provided to limited liability companies generally under this article 80.
(2) The incorporators of an artist company may elect in the articles of organization one of the following structures for equity ownership:
(a) Ownership based on the sale of units, including fractional units;
(b) Pro rata ownership based on the number of members;
(c) Pro rata ownership based on capital contributions, including in-kind contributions of cash, property, artistic work, royalty sharing, revenue participation rights, or other intangible assets; or
(d) Fixed ownership percentages by individual member.
(3) Unless otherwise specified in an operating agreement, allocations and distributions must be made based on ownership percentages; except that the operating agreement may establish alternative allocation or distribution mechanisms, including allocations or distributions based on revenue participation, royalty sharing, recoupment waterfalls, or other criteria independent of ownership percentages.
Source: L. 2026: Entire part added, (SB 26-133), ch. 297, p. 1629, § 1, effective August 12.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-80-1207
What does Colorado Revised Statutes § 7-80-1207 cover?
Section 7-80-1207 ("Ownership of equity.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 7-80-1207?
A common citation format is "Colorado Revised Statutes § 7-80-1207" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 7-80-1207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.