Colorado § 7-60-131 Causes of dissolution

Colorado Statutes

§ 7-60-131 — Causes of dissolution

Colorado·Title 07 Corporations·Art. Uniform Partnership Law

(1)Dissolution is caused:

(a)Without violation of the agreement between the partners:

(I)By the termination of the definite term or particular undertaking stated in the agreement;

(II)By the express will of any partner when no definite term or particular undertaking is stated;

(III)By the express will of all the partners who have not assigned their interests or allowed them to be charged for their separate debts either before or after the termination of any stated term or particular undertaking;

(IV)By the expulsion of any partner from the business bona fide in accordance with such a power conferred by the agreement between the partners;

(b)In contravention of the agreement between the partners, where the circumstances do not permit a dissolution under any other provisio

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(1) Dissolution is caused:

(a) Without violation of the agreement between the partners:

(I) By the termination of the definite term or particular undertaking stated in
the agreement;

(II) By the express will of any partner when no definite term or particular
undertaking is stated;

(III) By the express will of all the partners who have not assigned their
interests or allowed them to be charged for their separate debts either before or
after the termination of any stated term or particular undertaking;

(IV) By the expulsion of any partner from the business bona fide in
accordance with such a power conferred by the agreement between the partners;

(b) In contravention of the agreement between the partners, where the
circumstances do not permit a dissolution under any other provision of this section,
by the express will of any partner at any time;

(c) By any event which makes it unlawful for the business of the partnership
to be carried on or for the members to carry it on in partnership;

(d) By the death of any partner;

(e) By the bankruptcy of any partner or the partnership;

(f) By decree of court under section 7-60-132.

Colorado § 7-60-131 (Causes of dissolution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 31: p. 660, � 31. CSA: C. 123, � 31. CRS 53: � 104-1-31. C.R.S. 1963: � 104-1-31. L. 2003: (1)(a)(I) to (1)(a)(III) amended, p. 2236, � 112, effective July 1, 2004.