Colorado § 7-60-130 - Dissolution is not termination.
Full text of Colorado Colorado Revised Statutes § 7-60-130 — Dissolution is not termination., with citation guidance and answers to common questions.
§ 7-60-130. Dissolution is not termination.
On dissolution the partnership is not terminated but continues until the winding up of partnership affairs is completed.
Source: L. 31: p. 660, § 30. CSA: C. 123, § 30. CRS 53: § 104-1-30. C.R.S. 1963: § 104-1-30.
ANNOTATION
Harmless error to join dissolved partnership as defendant. Where a trial court renders judgment against a partnership as such when it is in fact dissolved when its assets and liabilities were transferred to a trust, it is harmless error which does not require reversal of the judgment by having joined the partnership, since if, in fact, the partnership has no assets and is a nonentity, then the judgment against a nonentity can do no harm and since the individual partners were also named parties, then they cannot escape personal liability for the partnership debts if the partnership is no longer existent as such. Western Spring Serv. Co. v. Andrew, 229 F.2d 413 (10th Cir. 1956).
Applied in Hooper v. Yoder, 737 P.2d 852 (Colo. 1987).
Frequently Asked Questions About Colorado § 7-60-130
What does Colorado Revised Statutes § 7-60-130 cover?
Section 7-60-130 ("Dissolution is not termination.") 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 § 7-60-130?
A common citation format is "Colorado Revised Statutes § 7-60-130" (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 § 7-60-130 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.