Colorado § 7-62-301 Admission of limited partners

Colorado Statutes

§ 7-62-301 — Admission of limited partners

Colorado·Title 07 Corporations·Art. Colorado Uniform Limited

(1)After the filing of a limited partnership's original certificate of limited partnership, a person may be admitted as an additional limited partner:

(a)In the case of a person acquiring a partnership interest directly from the limited partnership, upon compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners;

(b)In the case of an assignee of a partnership interest of a partner who has the power, as provided in section 7-62-704, to grant the assignee the right to become a limited partner, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of the power; and

(c)Either upon formation of the limited partnership or thereafter without making a contributi

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(1) After the filing of a limited
partnership's original certificate of limited partnership, a person may be admitted
as an additional limited partner:

(a) In the case of a person acquiring a partnership interest directly from the
limited partnership, upon compliance with the partnership agreement or, if the
partnership agreement does not so provide, upon the written consent of all
partners;

(b) In the case of an assignee of a partnership interest of a partner who has
the power, as provided in section 7-62-704, to grant the assignee the right to
become a limited partner, upon the exercise of that power and compliance with any
conditions limiting the grant or exercise of the power; and

(c) Either upon formation of the limited partnership or thereafter without
making a contribution or being obligated to make a contribution to the limited
partnership or acquiring a partnership interest, if in either case such admission is
pursuant to a written partnership agreement or other writing confirming the
admission.

(2) A person becomes a limited partner on the later of:

(a) The date the original certificate of limited partnership is filed in the
records of the secretary of state; and

(b) The date reflected in the records of the limited partnership as the date
that person becomes a limited partner.

Colorado § 7-62-301 (Admission of limited partners) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 81: Entire article added, p. 440, � 1, effective November 1. L. 86: (2) R&RE, p. 453, � 14, effective July 1. L. 2003: (2)(a) amended, p. 2245, � 133, effective July 1, 2004. L. 2009: (1) amended, (HB 09-1248), ch. 252, p. 1130, � 5, effective May 14.