Colorado § 7-62-804 Distribution of assets

Colorado Statutes

§ 7-62-804 — Distribution of assets

Colorado § 7-62-804

Title 07Corporations

Art.Colorado Uniform Limited

This text of Colorado § 7-62-804 (Distribution of assets) 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. § 7-62-804 (2026).

Text

(1)Upon the winding up of a limited partnership, the assets shall be distributed as follows:

(a)To creditors, including partners who are creditors, to the extent otherwise permitted by law, in satisfaction of liabilities of the limited partnership other than liabilities for distributions to partners under section 7-62-601 or 7-62-604;

(b)Except as provided in the partnership agreement, to partners and former partners in satisfaction of liabilities for distributions under section 7-62-601 or 7-62-604;

(c)Except as provided in the partnership agreement, to partners for the return of their contributions and respecting their partnership interests in the proportions in which the partners share in distributions.

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(1) Upon the winding up of a limited
partnership, the assets shall be distributed as follows:

(a) To creditors, including partners who are creditors, to the extent otherwise
permitted by law, in satisfaction of liabilities of the limited partnership other than
liabilities for distributions to partners under section 7-62-601 or 7-62-604;

(b) Except as provided in the partnership agreement, to partners and former
partners in satisfaction of liabilities for distributions under section 7-62-601 or 7-62-604;

(c) Except as provided in the partnership agreement, to partners for the
return of their contributions and respecting their partnership interests in the
proportions in which the partners share in distributions.