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2017 Colorado Revised Statutes
Title 7 - Corporations and Associations
Partnerships
Article 61 - Uniform Limited Partnership Law of 1931
§ 7-61-123. Rights of creditors of limited partner
Universal Citation: CO Rev Stat ยง 7-61-123 (2017)
(1) On due application to a court of competent jurisdiction by any creditor of a limited partner, the court may charge the interest of the indebted limited partner with payment of the unsatisfied amount of such claim and may appoint a receiver and make all other orders, directions, and inquiries which the circumstances of the case may require.
(2) The interest may be redeemed with the separate property of any general partner but may not be redeemed with partnership property.
(3) The remedies conferred by subsection (1) of this section shall not be deemed exclusive of others which may exist.
(4) Nothing in this article shall be held to deprive a limited partner of the limited partner's statutory exemption.
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