Colorado § 7-61-122 Death of limited partner

Colorado Statutes

§ 7-61-122 — Death of limited partner

Colorado·Title 07 Corporations·Art. Uniform Limited Partnership Law of 1931

(1)On the death of a limited partner, the deceased limited partner's executor or administrator shall have all the rights of a limited partner for the purpose of settling the deceased limited partner's estate and such power as the deceased limited partner had to constitute the deceased limited partner's assignee a substituted limited partner.

(2)The estate of a deceased limited partner shall be liable for all of the liabilities of the deceased limited partner as a limited partner.

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(1) On the death of a limited partner, the
deceased limited partner's executor or administrator shall have all the rights of a
limited partner for the purpose of settling the deceased limited partner's estate
and such power as the deceased limited partner had to constitute the deceased
limited partner's assignee a substituted limited partner.

(2) The estate of a deceased limited partner shall be liable for all of the
liabilities of the deceased limited partner as a limited partner.

Colorado § 7-61-122 (Death of limited partner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 31: p. 638, � 21. CSA: C. 123, � 64. CRS 53: � 104-2-21. C.R.S. 1963: � 104-2-21. L. 2004: Entire section amended, p. 1439, � 120, effective July 1.