Colorado § 7-80-1214 - Separation of economic rights from governance and control.
Full text of Colorado Colorado Revised Statutes § 7-80-1214 — Separation of economic rights from governance and control., with citation guidance and answers to common questions.
§ 7-80-1214. Separation of economic rights from governance and control.
(1) The articles of organization or operating agreement of an artist company may provide for the separation of economic rights from governance and control rights.
(2) Any governance and control rights must at all times remain with artist-members in accordance with section 7-80-1203 (1)(c). Nonartist investors may hold economic rights, including rights to distributions, royalties, revenue participation, or other financial returns, without corresponding governance or control rights.
(3) An operating agreement may specify the extent and nature of economic rights held by nonartist investors, including priority of distributions, revenue participation arrangements, recoupment provisions, and other financial terms.
Source: L. 2026: Entire part added, (SB 26-133), ch. 297, p. 1635, § 1, effective August 12.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-80-1214
What does Colorado Revised Statutes § 7-80-1214 cover?
Section 7-80-1214 ("Separation of economic rights from governance and control.") 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 § 7-80-1214?
A common citation format is "Colorado Revised Statutes § 7-80-1214" (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 § 7-80-1214 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.