Uniform Partnership Law
Colorado · Corporations and Associations · §§ 7-60-101 to 7-60-154 · 50 sections
Overview
This act governs general partnerships, treating the partnership as a legal entity distinct from its partners and setting out how one is formed, what counts as partnership property, and how partners act as agents whose conduct can bind and create liability for the firm. It supplies a default framework for the relationship among partners — admission, contributions, sharing of distributions, rights to information, and the duties owed in that role — which the partnership agreement may vary, subject to limits the act itself reserves. It also establishes a public filing regime administered by a state agency, covering statements of partnership authority and denial, signing and effectiveness of filed records, correction and withdrawal, certificates of status, and liability for inaccurate filings, along with restrictions on distributions by partnerships that elect limited liability status.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 1 court decision.
Most-cited authority: 111 F.4th 1043 - Bartch v. Barch
Sections covered
- C.R.S. § 7-60-101Short title
- C.R.S. § 7-60-102Definitions
- C.R.S. § 7-60-103Knowledge and notice
- C.R.S. § 7-60-104Rules of construction
- C.R.S. § 7-60-105Rules for cases not covered
- C.R.S. § 7-60-106Partnership defined
- C.R.S. § 7-60-107Partnership determined
- C.R.S. § 7-60-108Partnership property
- C.R.S. § 7-60-109Partner agent of partnership
- C.R.S. § 7-60-110Conveyance of real property
- C.R.S. § 7-60-111Admission of partner binds partnership
- C.R.S. § 7-60-112Notice to partner
- C.R.S. § 7-60-113Partner’s wrongful acts
- C.R.S. § 7-60-114Partner’s breach of trust
- C.R.S. § 7-60-115Nature of partner’s liability
- C.R.S. § 7-60-116Liability of purported partner
- C.R.S. § 7-60-117Liability of incoming partner
- C.R.S. § 7-60-118Rights and duties of partners
- C.R.S. § 7-60-119Partnership books
- C.R.S. § 7-60-120Duty to render information
- C.R.S. § 7-60-121Accountable as a fiduciary
- C.R.S. § 7-60-122Right to an account
- C.R.S. § 7-60-123Rights and duties beyond term
- C.R.S. § 7-60-124Property rights of a partner
- C.R.S. § 7-60-125Right in specific property
- C.R.S. § 7-60-126Nature of partner’s interest
- C.R.S. § 7-60-127Assignment of partner’s interest
- C.R.S. § 7-60-128Interest subject to charging order1 cite
- C.R.S. § 7-60-129Dissolution defined
- C.R.S. § 7-60-130Dissolution is not termination
- C.R.S. § 7-60-131Causes of dissolution
- C.R.S. § 7-60-132Dissolution by decree of court
- C.R.S. § 7-60-133General effect of dissolution
- C.R.S. § 7-60-134Right of partner to contribution
- C.R.S. § 7-60-135Power of partner to bind partnership after dissolution
- C.R.S. § 7-60-136Effect of dissolution on existing liability
- C.R.S. § 7-60-137Right to wind up
- C.R.S. § 7-60-138Application of partnership property
- C.R.S. § 7-60-139Rights dissolved for fraud
- C.R.S. § 7-60-140Rules for distribution
- C.R.S. § 7-60-141Liability of persons continuing business
- C.R.S. § 7-60-142Rights of retiring partner
- C.R.S. § 7-60-143Accrual of actions
- C.R.S. § 7-60-144Registration of partnerships
- C.R.S. § 7-60-144.5Statement of partnership authority or statement of denial
- C.R.S. § 7-60-146Limitations on distribution from limited liability partnerships
- C.R.S. § 7-60-149Limited liability partnership periodic reports
- C.R.S. § 7-60-152.5Registered agent
- C.R.S. § 7-60-153Application of corporation case law to set aside limited liability
- C.R.S. § 7-60-154Scope of article
Enacted in other states
Download
Copy
Embed on your site
Hover to preview · click to copy the code