Colorado § 7-60-110 Conveyance of real property

Colorado Statutes

§ 7-60-110 — Conveyance of real property

Colorado·Title 07 Corporations·Art. Uniform Partnership Law

(1)Subject to the effect of a statement of partnership authority under section 7-64-303, where title to real property is in the partnership name, any partner may convey title to such property by a conveyance executed in the partnership name; except that the partnership may recover such property unless the partner's act binds the partnership under the provisions of section 7-60-109 (1) or unless such property has been conveyed by the grantee or a person claiming through such grantee to a holder for value without knowledge that the partner, in making the conveyance, has exceeded the partner's authority.

(2)Where title to real property is in the name of the partnership, a conveyance executed by a partner in the partner's own name passes the equitable interest of the partnership i

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(1) Subject to the effect of a
statement of partnership authority under section 7-64-303, where title to real
property is in the partnership name, any partner may convey title to such property
by a conveyance executed in the partnership name; except that the partnership
may recover such property unless the partner's act binds the partnership under the
provisions of section 7-60-109 (1) or unless such property has been conveyed by the
grantee or a person claiming through such grantee to a holder for value without
knowledge that the partner, in making the conveyance, has exceeded the partner's
authority.

(2) Where title to real property is in the name of the partnership, a
conveyance executed by a partner in the partner's own name passes the equitable
interest of the partnership if the act is one within the authority of the partner under
the provisions of section 7-60-109 (1).

(3) Where title to real property is in the name of one or more but not all the
partners and the record does not disclose the right of the partnership, the partners
in whose name the title stands may convey title to such property, but the
partnership may recover such property if the partner's act does not bind the
partnership under the provisions of section 7-60-109 (1), unless the purchaser or the
purchaser's assignee is a holder for value, without knowledge.

(4) Where the title to real property is in the name of one or more or all the
partners or in a third person in trust for the partnership, a conveyance executed by
a partner in the partnership name or in the partner's own name passes the equitable
interest of the partnership if the act is one within the authority of the partner under
the provisions of section 7-60-109 (1).

(5) Where the title to real property is in the names of all the partners, a
conveyance executed by all the partners passes all their rights in such property.

Colorado § 7-60-110 (Conveyance of real property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 31: p. 650, � 10. CSA: C. 123, � 10. CRS 53: � 104-1-10. C.R.S. 1963: � 104-1-10. L. 2004: (1) to (4) amended, p. 1422, � 72, effective July 1.