Colorado § 7-62-107 - Business transactions of partner with the partnership.
Full text of Colorado Colorado Revised Statutes § 7-62-107 — Business transactions of partner with the partnership., with citation guidance and answers to common questions.
§ 7-62-107. Business transactions of partner with the partnership.
Except as provided in the partnership agreement, a partner may lend money to, act as surety for, and transact other business with the limited partnership and, subject to other applicable law, has the same rights and obligations with respect thereto as a person who is not a partner.
Source: L. 81: Entire article added, p. 435, § 1, effective November 1.
ANNOTATION
Law reviews. For article, "Limited Partnership Act Update", see 11 Colo. Law. 688 (1982).
A special district which was a limited partner is authorized to contract with the partnership unless the contract is unconstitutional in which event the contract is ultra vires and void. Black v. First Federal Savings and Loan, 830 P.2d 1103 (Colo. App. 1992).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-62-107
What does Colorado Revised Statutes § 7-62-107 cover?
Section 7-62-107 ("Business transactions of partner with the partnership.") 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 § 7-62-107?
A common citation format is "Colorado Revised Statutes § 7-62-107" (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 § 7-62-107 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.