reglab/housing_qa huggingface dataset:
CO Code § 7-62-601 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 6 - Distributions and Withdrawal|§ 7-62-601. Interim Distributions

 Except as provided in this part 6, a partner is entitled to receive distributions from a limited partnership before the partner's withdrawal from the limited partnership and before the dissolution and winding up thereof to the extent and at the times or upon the happening of the events stated in the partnership agreement.   History. Source: L. 81: Entire article added, p. 444, § 1, effective November 1. L. 86: Entire section R&RE, p. 456, § 25, effective July 1. L. 2003: Entire section amended, p. 2246, § 138, effective July 1, 2004. L. 2004: Entire section amended, p. 1444, § 136, effective July 1.    ANNOTATION   Law reviews. For article, “The Tax Status of Limited Partnerships Formed Under CULPA”, see 11 Colo. Law. 1193 (1982). For comment, “The Colorado Changes to the Revised Uniform Limited Partnership Act”, see 53 U. Colo. L. Rev. 823 (1982).
CO Code § 7-62-602 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 6 - Distributions and Withdrawal|§ 7-62-602. Withdrawal of General Partner

 A general partner may withdraw from a limited partnership at any time by giving written notice to the other partners, but if the withdrawal violates the partnership agreement, the limited partnership may recover from the withdrawing general partner damages for breach of the partnership agreement and offset the damages against the amount otherwise distributable to the general partner. The withdrawal of a general partner who is also a limited partner shall not constitute the withdrawal of the partner as a limited partner or affect the partner's rights as a limited partner.   History. Source: L. 81: Entire article added, p. 444, § 1, effective November 1. L. 97: Entire section amended, p. 1501, § 7, effective June 3.
CO Code § 7-62-603 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 6 - Distributions and Withdrawal|§ 7-62-603. Withdrawal of Limited Partner

 A limited partner may only withdraw from a limited partnership at the time or upon the happening of events stated in writing in the partnership agreement.   History. Source: L. 81: Entire article added, p. 444, § 1, effective November 1. L. 86: Entire section amended, p. 456, § 26, effective July 1. L. 95: Entire section amended, p. 789, § 15, effective May 24. L. 2003: Entire section amended, p. 2246, § 139, effective July 1, 2004.
CO Code § 7-62-604 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 6 - Distributions and Withdrawal|§ 7-62-604. Distribution Upon Withdrawal

 Except as provided in this part 6, upon withdrawal, any withdrawing partner is entitled to receive any distribution to which the withdrawing partner is entitled under the partnership agreement, and, if not otherwise provided in the agreement, the withdrawing partner is entitled to receive, within a reasonable time after withdrawal, the fair value of the withdrawing partner's partnership interest in the limited partnership as of the date of withdrawal based upon the withdrawing partner's right to share in distributions from the limited partnership.   History. Source: L. 81: Entire article added, p. 445, § 1, effective November 1. L. 2004: Entire section amended, p. 1444, § 137, effective July 1.
CO Code § 7-62-605 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 6 - Distributions and Withdrawal|§ 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.   History. Source: 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.
CO Code § 7-62-606 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 6 - Distributions and Withdrawal|§ 7-62-606. Right to Distribution

 At the time a partner becomes entitled to receive a distribution, the partner has the status of and is entitled to all remedies available to a creditor of the limited partnership with respect to the distribution.   History. Source: L. 81: Entire article added, p. 445, § 1, effective November 1. L. 2004: Entire section amended, p. 1445, § 139, effective July 1.
CO Code § 7-62-607 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 6 - Distributions and Withdrawal|§ 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.   History. Source: L. 81: Entire article added, p. 445, § 1, effective November 1.    Cross references:   For exclusions from the term “distribution” see §§ 7-60-146 (1) and 7-64-1004 (1) .   ANNOTATION   A partner need not have violated the act or the partnership agreement to be liable under this section and § 7-62-608 . The only act necessary by the partner is the receipt of a return of contribution, such return exceeding that amount permitted by the partnership agreement. Sender v. C & R Co., 149 B.R. 941 (Bankr. D. Colo. 1992 ).
CO Code § 7-62-608 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 6 - Distributions and Withdrawal|§ 7-62-608. Liability Upon Return of Contribution

  If a partner has received the return of any part of the partner's contribution without violation of the partnership agreement or this article, the partner is liable to the limited partnership for a period of one year thereafter for the amount of the returned contribution, but only to the extent necessary to discharge the limited partnership's liability to creditors who extended credit to the limited partnership during the period the contribution was held by the partnership.    If a partner has received the return of any part of the partner's contribution in violation of the partnership agreement or this article, the partner is liable to the limited partnership for a period of three years thereafter for the amount of the contribution wrongfully returned.    A partner receives a return of the partner's contribution to the extent that a distribution to the partner reduces the partner's share of the fair value of the net assets of the limited partnership below the value, as stated in the partnership records required to be kept pursuant to section 7-62-105, of the partner's contribution that has not been distributed to the partner.     History. Source: L. 81: Entire article added, p. 445, § 1, effective November 1. L. 86: (3) amended, p. 457, § 28, effective July 1. L. 2003: (3) amended, p. 2247, § 140, effective July 1, 2004. L. 2004: Entire section amended, p. 1445, § 140, effective July 1. L. 2007: (2) amended, p. 225, § 11, effective May 29.    Cross references:   For exclusions from the term “distribution” see §§ 7-60-146 (1) and 7-64-1004 (1) .   ANNOTATION   A partner need not have violated the act or the partnership agreement to be liable under this section and § 7-62-607 . The only act necessary by the partner is the receipt of a return of contribution, such return exceeding that amount permitted by the partnership agreement. Sender v. C & R Co., 149 B.R. 941 (Bankr. D. Colo. 1992 ).
CO Code § 7-62-701 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 7 - Assignment of Partnership Interests|§ 7-62-701. Nature of Partnership Interest

 A partnership interest is personal property.   History. Source: L. 81: Entire article added, p. 445, § 1, effective November 1.    ANNOTATION   Law reviews. For article, “Financing Real Estate Developments”, see 11 Colo. Law. 2093 (1982). For comment, “The Colorado Changes to the Revised Uniform Limited Partnership Act”, see 53 U. Colo. L. Rev. 823 (1982). For article, “Campbell: A Caveat for Service Partners”, see 20 Colo. Law. 75 (1991).
CO Code § 7-62-702 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 7 - Assignment of Partnership Interests|§ 7-62-702. Assignment of Partnership Interest

 Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part. An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise any rights of a partner. An assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled. Except as provided in the partnership agreement, a partner ceases to be a partner upon assignment of all of the partner's partnership interest.   History. Source: L. 81: Entire article added, p. 445, § 1, effective November 1. L. 2004: Entire section amended, p. 1445, § 141, effective July 1.
CO Code § 7-62-703 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 7 - Assignment of Partnership Interests|§ 7-62-703. Rights of Creditor

 On application to a court of competent jurisdiction by any judgment creditor of a partner, the court may charge the partnership interest of the partner with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the partnership interest. This article shall not deprive any partner of the benefit of any exemption laws applicable to the partner's partnership interest.   History. Source: L. 81: Entire article added, p. 446, § 1, effective November 1. L. 2004: Entire section amended, p. 1445, § 142, effective July 1.    ANNOTATION   Law reviews. For article, “Charging Partnership and LLC Interests To Satisfy Debts of Individuals”, see 23 Colo. Law. 2743 (1994).   Entry of judgment is a prerequisite to a charging order under this section. Trial court erred in dismissing plaintiffs' request for a charging order along with other claims in complaint without first conducting an inquiry to determine the interest of individual defendant in defendant partnership. Sands v. New Age Family P'ship, Ltd., 897 P.2d 917 (Colo. App. 1995).   Applied in Yetter Well Serv., Inc. v. Cimarron Oil Co., Inc., 841 P.2d 1068 (Colo. App. 1992).
CO Code § 7-62-704 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 7 - Assignment of Partnership Interests|§ 7-62-704. Right of Assignee to Become Limited Partner

  An assignee of a partnership interest, including an assignee of a general partner, may become a limited partner if and to the extent that the assignor gives the assignee that right in accordance with authority described in writing in the partnership agreement or all other partners consent.    An assignee who has become a limited partner has, to the extent assigned, the rights and powers and is subject to the restrictions and liabilities of a limited partner under the partnership agreement and this article. An assignee who becomes a limited partner also is liable for the obligations of the assignee's assignor to make and return contributions as provided in parts 5 and 6 of this article. However, the assignee is not obligated for liabilities unknown to the assignee at the time the assignee became a limited partner.    If an assignee of a partnership interest becomes a limited partner, the assignor is not released from the assignor's liability to the limited partnership under sections 7-62-207 and 7-62-502.     History. Source: L. 81: Entire article added, p. 446, § 1, effective November 1. L. 86: (1) and (2) amended, p. 457, § 29, effective July 1. L. 2004: (2) and (3) amended, p. 1445, § 143, effective July 1.
CO Code § 7-62-705 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 7 - Assignment of Partnership Interests|§ 7-62-705. Deceased or Incompetent Individual Partners - Dissolved or Terminated Corporate Partners

  If a partner who is an individual dies or a court of competent jurisdiction appoints a guardian or general conservator for the partner, the partner's executor, administrator, guardian, conservator, or other legal representative may exercise all of the partner's rights for the purpose of settling the partner's estate or administering the partner's property, including any power the partner had to give an assignee the right to become a limited partner.    If a partner is a corporation, trust, or other entity and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor.     History. Source: L. 81: Entire article added, p. 446, § 1, effective November 1. L. 2004: (1) amended, p. 1446, § 144, effective July 1.
CO Code § 7-62-801 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 8 - Dissolution|§ 7-62-801. Dissolution - General Rules

  A limited partnership is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following:   At the time or upon the happening of events stated in writing in the partnership agreement;    Written consent of all partners;    Except as otherwise provided in the written provisions of a partnership agreement, written consent of a majority of the limited partners within ninety days after an event of withdrawal of the last remaining general partner; and    Entry of a decree of judicial dissolution under section 7-62-802.        History. Source: L. 81: Entire article added, p. 446, § 1, effective November 1. L. 86: (1)(a) and (1)(c) amended, p. 457, § 30, effective July 1. L. 97: (1)(c) amended, p. 1501, § 8, effective June 3. L. 2003: (1)(a) amended, p. 2247, § 141, effective July 1, 2004.    ANNOTATION   Law reviews. For article, “The Tax Status of Limited Partnerships Formed Under CULPA”, see 11 Colo. Law. 1193 (1982). For comment, “The Colorado Changes to the Revised Uniform Limited Partnership Act”, see 53 U. Colo. L. Rev. 823 (1982).   A limited partnership that is void as to a limited partner is not void as to the general partners. The general partners were liable because at the time the limited partnership's obligation to the lender arose, all parties had contracted in accordance with their belief based on the filing of a partnership certificate with the secretary of state that a limited partnership existed. Therefore, the general partners were jointly and severally liable when they executed a note and deed of trust to the lender. Also, because the limited partnership benefitted from the proceeds of the loan, the general partners were estopped from denying the validity of their acts on behalf of the limited partnership. Finally, regardless of when the limited partnership was dissolved, the general partners were not relieved of their personal liability for the partnership's obligations by virtue of the dissolution. Black v. First Fed. Sav. & Loan Ass'n, 830 P.2d 1103 (Colo. App. 1992).   Applied in Black v. First Fed. Sav. & Loan Ass'n, 830 P.2d 1103 (Colo. App. 1992).
CO Code § 7-62-802 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 8 - Dissolution|§ 7-62-802. Judicial Dissolution

 On application by or for a partner, the district court for the county in this state in which the street address of the partnership's principal office is located, or, if the partnership has no principal office in this state, the district court for the county in which the street address of its registered agent is located, or, if the partnership has no registered agent, the district court for the city and county of Denver may decree dissolution of a limited partnership whenever it is not reasonably practicable to carry on the business in conformity with the partnership agreement.   History. Source: L. 81: Entire article added, p. 447, § 1, effective November 1. L. 2003: Entire section amended, p. 2247, § 142, effective July 1, 2004.
CO Code § 7-62-803 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 8 - Dissolution|§ 7-62-803. Winding Up

 Except as provided in the partnership agreement, the general partners who have not wrongfully dissolved a limited partnership or, if none, the limited partners may wind up the limited partnership's affairs; except that, upon cause shown, the district court for the county in this state in which the street address of the limited partnership's principal office is located, or, if the limited partnership has no principal office in this state, the district court for the county in which the street address of its registered agent is located, or, if the limited partnership has no registered agent, the district court for the city and county of Denver may wind up the limited partnership's affairs upon application of any partner, the partner's legal representative, or the partner's assignee.   History. Source: L. 81: Entire article added, p. 447, § 1, effective November 1. L. 2003: Entire section amended, p. 2247, § 143, effective July 1, 2004. L. 2004: Entire section amended, p. 1446, § 145, effective July 1.
CO Code § 7-62-804 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 8 - Dissolution|§ 7-62-804. Distribution of Assets

  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 permitted by 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 in satisfaction 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 their contributions and respecting their partnership interests in the proportions in which the partners share in distributions.        History. Source: L. 81: Entire article added, p. 447, § 1, effective November 1.
CO Code § 7-62-902 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 9 - Foreign Limited Partnerships|§ 7-62-902. Authority to Transact Business or Conduct Activities Required

 Part 8 of article 90 of this title, providing for the transaction of business or the conduct of activities by foreign entities, applies to foreign limited partnerships and foreign limited liability limited partnerships.   History. Source: L. 2003: Entire part R&RE, p. 2247, § 144, effective July 1, 2004.
CO Code § 7-62-903 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 9 - Foreign Limited Partnerships|§ 7-62-903. Registered Agent - Service of Process

 Part 7 of article 90 of this title, providing for registered agents and service of process, applies to foreign limited partnerships.   History. Source: L. 2003: Entire part R&RE, p. 2247, § 144, effective July 1, 2004. L. 2004: Entire section amended, p. 1446, § 147, effective July 1.
CO Code § 7-62-1002 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 10 - Derivative Actions|§ 7-62-1002. Expenses

 In any action instituted in the right of any domestic or foreign limited partnership by a limited partner, the court having jurisdiction, upon final judgment and a finding that the action was brought without reasonable cause, may require the plaintiff to pay to the parties named as defendant the costs and reasonable expenses directly attributable to the defense of such action, but not including fees of attorneys.   History. Source: L. 81: Entire article added, p. 450, § 1, effective November 1.
CO Code § 7-62-1003 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 10 - Derivative Actions|§ 7-62-1003. Security and Costs

 In any action instituted in the right of any domestic or foreign limited partnership, unless the contributions of or allocable to plaintiff to partnership property amount to five percent or more of the contributions of all limited partners, in their status as limited partners, or such contributions of or allocable to the plaintiff have a market value in excess of twenty-five thousand dollars, the limited partnership in whose right such action is brought shall be entitled, at any time before final judgment, to require the plaintiff to give security for the costs and reasonable expenses that may be directly attributable to and incurred by it in the defense of such action or may be incurred by other parties named as defendant for which it may become legally liable, but not including fees of attorneys. Market value shall be determined as of the date that the plaintiff institutes the action or, in the case of an intervenor, as of the date that the intervenor becomes a party to the action. The amount of such security may from time to time be increased or decreased, in the discretion of the court, upon showing that the security provided has or may become inadequate or is excessive. The limited partnership shall have recourse to such security in such amount as the court having jurisdiction shall determine upon the termination of such action if the court finds the action was brought without reasonable cause.   History. Source: L. 81: Entire article added, p. 450, § 1, effective November 1. L. 2004: Entire section amended, p. 1447, § 149, effective July 1.
CO Code § 7-62-1101 (2021)
2021 Colorado Code|Title 7 - Corporations and Associations|Article 62 - Colorado Uniform Limited Partnership Act of 1981|Part 11 - Miscellaneous|§ 7-62-1101. Applicability

 This article shall apply to all limited partnerships formed on or after November 1, 1981.   History. Source: L. 81: Entire article added, p. 451, § 1, effective November 1.    ANNOTATION   Law reviews. For article, “Guess Who's Coming to Closing”, see 11 Colo. Law. 689 (1982). For comment, “The Colorado Changes to the Revised Uniform Limited Partnership Act”, see 53 U. Colo. L. Rev. 823 (1982).