Colorado § 7-60-154 - Scope of article - choice of law - application to professions and occupations.

§ 7-60-154. Scope of article - choice of law - application to professions and occupations.

(1) A partnership, including a limited liability partnership or limited liability limited partnership, may conduct its business, carry on its operations, and exercise the powers granted by this article within and without the state.

(2) (a) It is the intent of the general assembly that the legal existence of limited liability partnerships and limited liability limited partnerships be recognized outside the boundaries of this state and that the law of this state governing the limited liability partnership or limited liability limited partnership transacting business outside this state be granted the protection of full faith and credit under section 1 of article IV of the constitution of the United States.

(b) It is the intent of the general assembly that the internal affairs of a limited liability partnership or limited liability limited partnership formed in this state be subject to and governed by the law of this state, including the provisions governing liability of partners for debts, obligations, and liabilities chargeable to partnerships.

(3) Nothing in this article shall be construed to permit a limited liability partnership to engage in a profession or occupation as described in title 12, C.R.S., for which there is a specific statutory provision applicable to the practice of such profession or occupation by a corporation or professional corporation in this state unless authorized under applicable provisions of title 12, C.R.S.

Source: L. 95: Entire section added, p. 787, § 11, effective May 24. L. 2003: (2) amended, p. 2239, § 118, effective July 1, 2004. L. 2004: Entire section amended, p. 1435, § 107, effective July 1.

ARTICLE 61

Uniform Limited Partnership Law of 1931

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.