Colo. Rev. Stat. § 7-61-114
Transactions with limited partner
Colorado · Colorado Revised Statutes Title 7 — Corporations and Associations · Status: effective
Cite this
- Citation
- Colo. Rev. Stat. § 7-61-114, Transactions with limited partner, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2285191
- Permanent ID
ys:prov:2285191@1- SHA-256
09027b9cc3072eed82df6a74e6d8035d0dda19674b78ebcd8b2b654c29ad0305
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) A limited partner also may loan money to and transact other business with the partnership and, unless the limited partner is also a general partner, receive, on account of resulting claims against the partnership, a pro rata share of the assets with general creditors.
(2) No limited partner shall, in respect to any such claim:
(a) Receive or hold as collateral security any partnership property; or
(b) Receive from a general partner or the partnership any payment, conveyance, or release from liability, if at the time the assets of the partnership are not sufficient to discharge partnership liabilities to persons not claiming as general or limited partners.
(3) The receiving of collateral security or a payment, conveyance, or release in violation of the provisions of subsection (1) of this section is a fraud on the creditors of the partnership.