Colorado § 7-62-305 Information and accounting

Colorado Statutes

§ 7-62-305 — Information and accounting

Colorado·Title 07 Corporations·Art. Colorado Uniform Limited

(1)Each limited partner has the right to:

(a)Inspect and copy partnership records, as provided by section 7-62-105; and

(b)Obtain from the general partners from time to time, subject to such reasonable standards as may be stated in the partnership agreement or otherwise established by the general partners, upon reasonable demand for any purpose reasonably related to the limited partner's interest as a limited partner:

(I)True and full information regarding the state of the business and financial condition of the limited partnership and any other information regarding the affairs of the limited partnership; and

(II)Promptly after becoming available, a copy of the limited partnership's federal, state, and local income tax returns for each year; and

(c)Have a formal account

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(1) Each limited partner has the
right to:

(a) Inspect and copy partnership records, as provided by section 7-62-105;
and

(b) Obtain from the general partners from time to time, subject to such
reasonable standards as may be stated in the partnership agreement or otherwise
established by the general partners, upon reasonable demand for any purpose
reasonably related to the limited partner's interest as a limited partner:

(I) True and full information regarding the state of the business and financial
condition of the limited partnership and any other information regarding the affairs
of the limited partnership; and

(II) Promptly after becoming available, a copy of the limited partnership's
federal, state, and local income tax returns for each year; and

(c) Have a formal accounting of partnership affairs whenever circumstances
render it just and reasonable.

Colorado § 7-62-305 (Information and accounting) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 81: Entire article added, p. 441, � 1, effective November 1. L. 86: (1)(a) and IP(1)(b) amended, p. 454, � 18, effective July 1. L. 2003: IP(1)(b) amended, p. 2246, � 136, effective July 1, 2004.