Colo. Rev. Stat. § 7-62-607

Current through Acts effective through 6/7/2024 of the 2024 Legislative Session
Section 7-62-607 - Limitations on distribution

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.

C.R.S. § 7-62-607

L. 81: Entire article added, p. 445, § 1, effective November 1.

For exclusions from the term "distribution" see §§ 7-60-146(1) and 7-64-1004(1).