, Carroll, and Hall; 2025

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The document is a legislative act (House Bill 04-1399) concerning amendments to Title 7 of the Colorado Revised Statutes, specifically focusing on provisions governing limited liability companies (LLCs). It outlines definitions, powers, operating agreements, duties of members and managers, management structure, rights to information, contributions, profit sharing, and procedures for dissolution. The act emphasizes the principle of freedom of contract and aims to clarify the roles and responsibilities within LLCs in Colorado.

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