C.R.S. Section 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.

Source: Section 7-62-1003 — Security and costs, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-07.­pdf (accessed Oct. 20, 2023).

7‑62‑101
Definitions 7‑62‑104.5
Registered agent - service of process 7‑62‑105
Records 7‑62‑106
Nature of business 7‑62‑107
Business transactions of partner with the partnership 7‑62‑110
Statute of frauds - applicability 7‑62‑201
Certificates - contents - filing with secretary of state 7‑62‑202
Amendment to certificate 7‑62‑203
Statement of dissolution 7‑62‑204
Approval of certificates 7‑62‑205
Presumptions 7‑62‑207
Liability for false statement in certificate 7‑62‑208
Notice of existence of limited partnership 7‑62‑301
Admission of limited partners 7‑62‑302
Voting 7‑62‑303
Liability to third parties 7‑62‑304
Person erroneously believing self to be a limited partner 7‑62‑305
Information and accounting 7‑62‑306
Time of admission 7‑62‑401
Admission of general partners 7‑62‑402
Events of withdrawal 7‑62‑403
General powers and liabilities 7‑62‑404
Contributions by a general partner 7‑62‑405
Voting 7‑62‑501
Form of contribution 7‑62‑502
Liability for contributions 7‑62‑503
Sharing of profits and losses 7‑62‑504
Sharing of distributions 7‑62‑601
Interim distributions 7‑62‑602
Withdrawal of general partner 7‑62‑603
Withdrawal of limited partner 7‑62‑604
Distribution upon withdrawal 7‑62‑605
Distribution in kind 7‑62‑606
Right to distribution 7‑62‑607
Limitations on distribution 7‑62‑608
Liability upon return of contribution 7‑62‑701
Nature of partnership interest 7‑62‑702
Assignment of partnership interest 7‑62‑703
Rights of creditor 7‑62‑704
Right of assignee to become limited partner 7‑62‑705
Deceased or incompetent individual partners - dissolved or terminated corporate partners 7‑62‑801
Dissolution - general rules 7‑62‑802
Judicial dissolution 7‑62‑803
Winding up 7‑62‑804
Distribution of assets 7‑62‑902
Authority to transact business or conduct activities required 7‑62‑903
Registered agent - service of process 7‑62‑1001
Right of action 7‑62‑1002
Expenses 7‑62‑1003
Security and costs 7‑62‑1101
Applicability 7‑62‑1102
Construction and application 7‑62‑1103
Provisions for existing limited partnerships 7‑62‑1104
Rules for cases not provided for in this article - registration as limited liability limited partnership 7‑62‑1105
Short title
Green check means up to date. Up to date

Current through Fall 2024

§ 7-62-1003’s source at colorado​.gov