Colo. Rev. Stat. § 7-62-605

Current through Acts effective through 6/7/2024 of the 2024 Legislative Session
Section 7-62-605 - Distribution in kind

Except as provided in writing in the partnership agreement, a partner, regardless of the nature of the partner's contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash. Except as provided in writing in the partnership agreement, a partner may not be compelled to accept a distribution of any asset in kind from a limited partnership to the extent that the percentage of the asset distributed to the partner exceeds a percentage of that asset that is equal to the percentage in which the partner shares in distributions from the limited partnership.

C.R.S. § 7-62-605

L. 81: Entire article added, p. 445, § 1, effective November 1. L. 86: Entire section amended, p. 456, § 27, effective July 1. L. 2004: Entire section amended, p. 1444, § 138, effective July 1.