Colorado § 7-62-403 General powers and liabilities

Colorado Statutes

§ 7-62-403 — General powers and liabilities

Colorado § 7-62-403

Title 07Corporations

Art.Colorado Uniform Limited

This text of Colorado § 7-62-403 (General powers and liabilities) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 7-62-403 (2026).

Text

(1)Except as provided in this article or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.

(2)(a) Except as provided in this article:

(I)A general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners; and

(II)A general partner of a limited liability limited partnership has the liabilities of a partner in a limited liability partnership to persons other than the partnership and the other partners.

(b)Except as provided in this article or in the partnership agreement:

(I)A general partner of a limited partnership has the l

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(1) Except as provided in this
article or in the partnership agreement, a general partner of a limited partnership
has the rights and powers and is subject to the restrictions of a partner in a
partnership without limited partners.

(2) (a) Except as provided in this article:

(I) A general partner of a limited partnership has the liabilities of a partner in
a partnership without limited partners to persons other than the partnership and the
other partners; and

(II) A general partner of a limited liability limited partnership has the
liabilities of a partner in a limited liability partnership to persons other than the
partnership and the other partners.

(b) Except as provided in this article or in the partnership agreement:

(I) A general partner of a limited partnership has the liabilities of a partner in
a partnership without limited partners to the partnership and to the other partners;
and

(II) A general partner of a limited liability limited partnership has the
liabilities of a partner in a limited liability partnership to the partnership and to the
other partners.

(3) For a limited partnership that has made the election permitted by section
7-62-1104, the article so elected shall be the governing law for purposes of
subsections (1) and (2) of this section. For a limited partnership that has not made
the election permitted by section 7-62-1104, article 60 of this title shall be the
governing law for purposes of subsections (1) and (2) of this section.

Legislative History

Source: L. 81: Entire article added, p. 443, � 1, effective November 1. L. 83: Entire section amended, p. 400, � 1, effective May 23. L. 95: (2) amended, p. 788, � 14, effective May 24. L. 97: (3) added, p. 916, � 6, effective January 1, 1998. L. 2004: (2)(a)(II) and (2)(b)(II) amended, p. 1443, � 133, effective July 1.