C.R.S. Section 7-61-125
When certificate shall be canceled or amended

(1)

The certificate shall be canceled when the partnership is dissolved or all limited partners cease to be such.

(2)

A certificate shall be amended when:

(a)

There is a change in the name of the partnership or in the amount or character of the contribution of any limited partner;

(b)

A person is substituted as a limited partner;

(c)

An additional limited partner is admitted;

(d)

A person is admitted as a general partner;

(e)

A general partner retires, dies, or is unable to function as a general partner as a result of a mental health disorder and the business is continued under section 7-61-121;

(f)

There is a change in the character of the business of the partnership;

(g)

There is a false or erroneous statement in the certificate;

(h)

There is a change in the time as stated in the certificate for the dissolution of the partnership or for the return of a contribution;

(i)

A time is fixed for the dissolution of the partnership or the return of a contribution, no time having been stated in the certificate; or

(j)

The members desire to make a change in any other statement in the certificate in order that it shall accurately represent the agreement between them.

Source: Section 7-61-125 — When certificate shall be canceled or amended, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-07.­pdf (accessed Oct. 20, 2023).

7‑61‑101
Short title 7‑61‑102
Definitions 7‑61‑103
Formation 7‑61‑104
Business which may be carried on 7‑61‑105
Limited partner’s contribution 7‑61‑106
Name not to contain surname of limited partner - exceptions 7‑61‑107
Liability for false statement in certificate 7‑61‑108
Limited partner not liable to creditors - when 7‑61‑109
Admission of additional limited partners 7‑61‑110
General partner - rights - liabilities 7‑61‑111
Rights of a limited partner 7‑61‑112
Status of person erroneously believing self to be a limited partner 7‑61‑113
One person both general and limited partner 7‑61‑114
Transactions with limited partner 7‑61‑115
Relation of limited partners inter se 7‑61‑116
Compensation of limited partner 7‑61‑117
Withdrawal or reduction of limited partner’s contribution 7‑61‑118
Liability of limited partner to partnership 7‑61‑119
Nature of limited partner’s interest 7‑61‑120
Assignment of limited partner’s interest 7‑61‑121
Effect of retirement, death, or insanity of a general partner 7‑61‑122
Death of limited partner 7‑61‑123
Rights of creditors of limited partner 7‑61‑124
Distribution of assets 7‑61‑125
When certificate shall be canceled or amended 7‑61‑126
Requirements for amendment and for cancellation of certificate 7‑61‑127
Parties to actions 7‑61‑128
Rules of construction 7‑61‑129
Law governing cases not covered 7‑61‑129.5
Applicability 7‑61‑130
Provisions for existing limited partnerships
Green check means up to date. Up to date

Current through Fall 2024

§ 7-61-125’s source at colorado​.gov