Colorado § 7-60-134 Right of partner to contribution

Colorado Statutes

§ 7-60-134 — Right of partner to contribution

Colorado § 7-60-134

Title 07Corporations

Art.Uniform Partnership Law

This text of Colorado § 7-60-134 (Right of partner to contribution) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-60-134 (2026).

Text

(1)Except as otherwise provided in subsection (2) of this section, where the dissolution is caused by the act, death, or bankruptcy of a partner, each partner is liable to the other partners for such partner's share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless:

(a)The dissolution being by act of any partner, the partner acting for the partnership had knowledge of the dissolution; or

(b)The dissolution being by the death or bankruptcy of a partner, the partner acting for the partnership had knowledge or notice of the death or bankruptcy.

(2)A partner in a limited liability partnership shall not be liable to the other partners except to the extent that:

(a)The partner's liability is set out in a writing

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(1) Except as otherwise provided
in subsection (2) of this section, where the dissolution is caused by the act, death, or
bankruptcy of a partner, each partner is liable to the other partners for such
partner's share of any liability created by any partner acting for the partnership as
if the partnership had not been dissolved unless:

(a) The dissolution being by act of any partner, the partner acting for the
partnership had knowledge of the dissolution; or

(b) The dissolution being by the death or bankruptcy of a partner, the partner
acting for the partnership had knowledge or notice of the death or bankruptcy.

(2) A partner in a limited liability partnership shall not be liable to the other
partners except to the extent that:

(a) The partner's liability is set out in a writing signed by the partner; or

(b) The partner's obligation to contribute is attributable to a liability for
which the partner would have individual liability under section 7-60-115 (2).

Legislative History

Source: L. 31: p. 663, � 34. CSA: C. 123, � 34. CRS 53: � 104-1-34. C.R.S. 1963: � 104-1-34. L. 95: Entire section amended, p. 780, � 6, effective May 24. L. 2004: IP(2) amended, p. 1427, � 89, effective July 1.