2020 Colorado Revised Statutes
Title 7 - Corporations And Associations
Article 62. Colorado Uniform Limited Partnership Act of 1981
Section 7-62-804. Distribution of assets.
(1) Upon the winding up of a limited partnership, the assets shall be distributed as follows:
To creditors, including partners who are creditors, to the extent otherwise permittedby law, in satisfaction of liabilities of the limited partnership other than liabilities for distributions to partners under section 7-62-601 or 7-62-604;
Except as provided in the partnership agreement, to partners and former partners insatisfaction of liabilities for distributions under section 7-62-601 or 7-62-604;
Except as provided in the partnership agreement, to partners for the return of theircontributions and respecting their partnership interests in the proportions in which the partners share in distributions.
Source: L. 81: Entire article added, p. 447, § 1, effective November 1.
