(1) On the death of a limited partner, the deceased limited partner’s executor or administrator shall have all the rights of a limited partner for the purpose of settling the deceased limited partner’s estate and such power as the deceased limited partner had to constitute the deceased limited partner’s assignee a substituted limited partner. (2) The estate of a deceased limited partner shall be liable for all of the liabilities of the deceased limited partner as a limited partner.
C.R.S. § 7-61-122
Death of limited partner
Known as the Uniform Limited Partnership Law
The act spans §§ 7–7 (31 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.