Colorado § 7-60-112 - Notice to partner - effect.
Full text of Colorado Colorado Revised Statutes § 7-60-112 — Notice to partner - effect., with citation guidance and answers to common questions.
§ 7-60-112. Notice to partner - effect.
Notice to any partner of any matter relating to partnership affairs and the knowledge of the partner acting in the particular matter acquired while a partner or then present to the partner's mind and the knowledge of any other partner who reasonably could and should have communicated it to the acting partner operate as notice to or knowledge of the partnership, except in the case of a fraud on the partnership committed by or with the consent of that partner.
Source: L. 31: p. 651, § 12. CSA: C. 123, § 12. CRS 53: § 104-1-12. C.R.S. 1963: § 104-1-12. L. 2004: Entire section amended, p. 1423, § 74, effective July 1.
ANNOTATION
Knowledge of one partner concerning the partnership business is knowledge possessed by all the partners. Lee v. Durango Music, 144 Colo. 270, 355 P.2d 1083 (1960).
When a general partner has knowledge and notice of a matter concerning partnership business, received or acquired while transacting partnership business, that knowledge and notice must generally be imputed to the limited partners. BMS P'ship v. Winter Park Devil's Thumb Inv. Co., 910 P.2d 61 (Colo. App. 1995), aff'd on other grounds, 926 P.2d 1253 (Colo. 1996).
Applied in Spiker v. Hoogeboom, 628 P.2d 177 (Colo. App. 1981); In re Lynch v. Three Ponds Co., 656 P.2d 51 (Colo. App. 1982).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-60-112
What does Colorado Revised Statutes § 7-60-112 cover?
Section 7-60-112 ("Notice to partner - effect.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 7-60-112?
A common citation format is "Colorado Revised Statutes § 7-60-112" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 7-60-112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.