Colorado § 7-61-130 Provisions for existing limited partnerships

Colorado Statutes

§ 7-61-130 — Provisions for existing limited partnerships

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

(1)A limited partnership formed under any statute of this state prior to April 11, 1931, may become a limited partnership under this article by complying with the provisions of section 7-61-103 if the certificate states:

(a)The amount of the original contributions of each limited partner and the time when the contribution was made; and

(b)That the property of the partnership exceeds the amount sufficient to discharge its liabilities to persons not claiming as general or limited partners by an amount greater than the sum of the contributions of its limited partners.

(2)A limited partnership formed under any statute of this state prior to April 11, 1931, unless it becomes a limited partnership under this article, shall continue to be governed by the provisions of prior existin

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(1) A limited
partnership formed under any statute of this state prior to April 11, 1931, may
become a limited partnership under this article by complying with the provisions of
section 7-61-103 if the certificate states:

(a) The amount of the original contributions of each limited partner and the
time when the contribution was made; and

(b) That the property of the partnership exceeds the amount sufficient to
discharge its liabilities to persons not claiming as general or limited partners by an
amount greater than the sum of the contributions of its limited partners.

(2) A limited partnership formed under any statute of this state prior to April
11, 1931, unless it becomes a limited partnership under this article, shall continue to
be governed by the provisions of prior existing law, except that such partnership
shall not be renewed unless so provided in the original agreement.

Colorado § 7-61-130 (Provisions for existing limited partnerships) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 31: p. 643, � 30. CSA: C. 123, � 73. CRS 53: � 104-2-30. C.R.S. 1963: � 104-2-30. L. 2003: IP(1) amended, p. 2241, � 122, effective July 1, 2004.