Colo. Rev. Stat. § 7-60-117

Current through Acts effective through 6/7/2024 of the 2024 Legislative Session

Section 7-60-117 - Liability of incoming partner

A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before such admission as though the person had been a partner when such obligations were incurred; except that this liability shall be satisfied only out of partnership property.

C.R.S. § 7-60-117

L. 31: p. 654, § 17. CSA: C. 123, § 17. CRS 53: § 104-1-17. C.R.S. 1963: § 104-1-17. L. 2004: Entire section amended, p. 1425, § 79, effective July 1.