§ 7-64-101 — Definitions

Colorado § 7-64-101

• Jurisdiction: Colorado
• Title 07: Corporations
• Art.: Colorado Uniform Partnership Act (1997)

Text

As used in this article, unless the context otherwise
requires:

(1) (Deleted by amendment, L. 2003, p. 2249, � 149, effective July 1, 2004.)

(2) Business includes every trade, occupation, and profession.

(3) Debtor in bankruptcy means a person who is the subject of:

(a) An order for relief under Title 11 of the United States Code or a
comparable order under a successor statute of general application; or

(b) A comparable order under federal, state, or foreign law governing
insolvency.

(4) (Deleted by amendment, L. 2003, p. 2249, � 149, effective July 1, 2004.)

(5) Distribution means a transfer of money or other property from a
partnership to a partner in the partner's capacity as a partner or to a transferee of
all or a part of a partner's transferable interest.

(6) (Deleted by amendment, L. 2003, p. 2249, � 149, effective July 1, 2004.)

(7) Filed statement means a statement that has been filed by the secretary
of state pursuant to part 3 of article 90 of this title. A copy of a filed statement
means a copy of the filed statement that the secretary of state has certified to be in
the records of the secretary of state.

(8) to (10) (Deleted by amendment, L. 2003, p. 2249, � 149, effective July 1,
2004.)

(11) (Deleted by amendment, L. 2004, p. 1448, � 154, effective July 1, 2004.)

(12) (Deleted by amendment, L. 2003, p. 2249, � 149, effective July 1, 2004.)

(13) Limited liability partnership means a partnership that is registered as a
limited liability partnership under section 7-64-1002 (1).

(14) and (15) (Deleted by amendment, L. 2004, p. 1448, � 154, effective July 1,
2004.)

(16) and (17) (Deleted by amendment, L. 2003, p. 2249, � 149, effective July 1,
2004.)

(18) Partner means a person who is admitted to a partnership as a partner
of the partnership.

(19) Partnership shall have the meaning set forth in section 7-64-202 (1).

(20) Partnership agreement means the agreement, whether written, oral, or
implied, among the partners that governs relations among the partners and
between the partners and the partnership. For purposes of part 10 of this article,
the term partnership agreement shall have the meaning set forth in section 7-64-1001 (2).

(21) Partnership at will means a partnership that is not a partnership for a
definite term or particular undertaking.

(22) Partnership for a definite term or particular undertaking means a
partnership in which the partners have agreed to remain partners until the
expiration of a definite term or the completion of a particular undertaking.

(23) Partnership interest or partner's interest in the partnership means
all of a partner's interests in the partnership, including the partner's transferable
interest and all management and other rights.

(24) Partnership obligation means any debt, obligation, or liability of the
partnership, whether sounding in tort, contract, or otherwise.

(25) (Deleted by amendment, L. 2003, p. 2249, � 149, effective July 1, 2004.)

(26) Property means all property, real, personal, or mixed, tangible or
intangible, or any interest therein.

(27) Registrant means a person that is registered under section 7-64-1002.

(28) (Deleted by amendment, L. 2003, p. 2249, � 149, effective July 1, 2004.)

(29) Statement means a statement of partnership authority under section
7-64-303, a statement of denial under section 7-64-304, a statement of
dissociation under section 7-64-704, a statement of dissolution under section 7-64-805, a statement of registration under section 7-64-1002, a statement of
withdrawal of registration under section 7-64-1002, a statement of correction
under section 7-90-305, or a statement of change under section 7-90-305.5 of any
of the foregoing.

(30) (Deleted by amendment, L. 2003, p. 2249, � 149, effective July 1, 2004.)

(31) Transfer includes an assignment, conveyance, lease, mortgage, deed,
and encumbrance.

(32) Transferable interest means a partner's share of the profits and losses
of the partnership and the partner's right to receive distributions.

Legislative History

Source: L. 97: Entire article added, p. 866, � 1, effective January 1, 1998. L. 2002: (6), (7), and (29) amended, p. 1825, � 52, effective July 1; (6), (7), and (29) amended, p. 1690, � 50, effective October 1. L. 2003: (1), (4), (6), (8), (9), (10), (12), (15) to (20), (25), (28), (29), and (30) amended, p. 2249, � 149, effective July 1, 2004. L. 2004: (11), (14), (15), (18), and (20) amended, p. 1448, � 154, effective July 1. L. 2009: (18) amended, (HB 09-1248), ch. 252, p. 1130, � 7, effective May 14.