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2020 Colorado Revised Statutes
Title 7 - Corporations And Associations
Article 62. Colorado Uniform Limited Partnership Act of 1981
Section 7-62-607. Limitations on distribution.
Universal Citation: CO Rev Stat § 7-62-607 (2020)
A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.
Source: L. 81: Entire article added, p. 445, § 1, effective November 1.
Cross references: For exclusions from the term "distribution" see §§ 7-60-146 (1) and 764-1004 (1).
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