2024 Colorado Revised Statutes
Title 7 - CORPORATIONS AND ASSOCIATIONS (§§ 7-1-101 — 7-137-301)
PARTNERSHIPS (§§ 7-60-101 — 7-64-1206)
Article 64 - COLORADO UNIFORM PARTNERSHIP ACT (1997)
Part 4 - RELATIONS OF PARTNERS TO EACH OTHER AND TO PARTNERSHIP (§§ 7-64-401 — 7-64-406)
Section 7-64-405 - Actions by partnership and partners

• (1) A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.

• (2) A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to:
  • (a) Enforce the partner's rights under the partnership agreement;
  • (b) Enforce the partner's rights under this article, including:
    • (I) The partner's rights under section 7-64-401, 7-64-403, or 7-64-404;
    • (II) The partner's right on dissociation to have the partner's interest in the partnership purchased pursuant to section 7-64-701 or enforce any other right under part 6 or part 7 of this article; or
    • (III) The partner's right to compel a dissolution and winding up of the partnership business under section 7-64-801 or enforce any other right under part 8 of this article; or
  • (c) Enforce the rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship.

• (3) The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.

L. 97: Entire article added, p. 882, § 1, effective 1/1/1998.