Colorado § 7-60-153 Application of corporation case law to set aside limited liability

Colorado Statutes

§ 7-60-153 — Application of corporation case law to set aside limited liability

Colorado·Title 07 Corporations·Art. Uniform Partnership Law

(1)In any case in which a party seeks to hold the partners of a limited liability partnership or limited liability limited partnership personally responsible for the alleged improper actions of the limited liability partnership or limited liability limited partnership, the court shall apply the case law that interprets the conditions and circumstances under which the corporate veil of a corporation may be pierced under Colorado law.

(2)For purposes of this section, the failure of a limited liability partnership or limited liability limited partnership to observe the formalities or requirements relating to the management of its business and affairs is not in itself a ground for imposing personal liability on the partners for liabilities of the limited liability partnership or li

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(1) In any case in which a party seeks to hold the partners of a limited liability
partnership or limited liability limited partnership personally responsible for the
alleged improper actions of the limited liability partnership or limited liability
limited partnership, the court shall apply the case law that interprets the conditions
and circumstances under which the corporate veil of a corporation may be pierced
under Colorado law.

(2) For purposes of this section, the failure of a limited liability partnership or
limited liability limited partnership to observe the formalities or requirements
relating to the management of its business and affairs is not in itself a ground for
imposing personal liability on the partners for liabilities of the limited liability
partnership or limited liability limited partnership.

Colorado § 7-60-153 (Application of corporation case law to set aside limited liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.