Colorado § 7-62-1103 - Provisions for existing limited partnerships.
Full text of Colorado Colorado Revised Statutes § 7-62-1103 — Provisions for existing limited partnerships., with citation guidance and answers to common questions.
§ 7-62-1103. Provisions for existing limited partnerships.
(1) A limited partnership formed under any statute of this state prior to November 1, 1981, may elect to be governed by the provisions of this article. The general partner or partners may make the election for the limited partnership at any time on or after November 1, 1981, by complying with the provisions of section 7-62-201; except that the limited partners shall not be required to execute a new certificate of limited partnership. Notwithstanding such election by the general partner or partners, the following rules shall apply:
(a) Sections 7-62-501, 7-62-502, and 7-62-608 apply only to contributions and distributions made after the date of the election;
(b) Section 7-62-704 applies only to assignments made after the date of the election; and
(c) Section 7-62-804 shall not be construed so as to change the priority of creditors for transactions entered into prior to the date of the election.
(2) A limited partnership formed under any statute of this state prior to November 1, 1981, until or unless it elects to be governed by this article, shall be governed by the provisions of article 61 of this title, or other applicable prior law; except that such limited partnership shall not be renewed unless provision therefor is specifically provided in the original partnership agreement or any amendment thereto prior to November 1, 1981.
Source: L. 81: Entire article added, p. 451, § 1, effective November 1.
ANNOTATION
Law reviews. For article, "Limited Partnership Act Update", see 11 Colo. Law. 688 (1982). For article, "Guess Who's Coming to Closing", see 11 Colo. Law. 689 (1982). For comment, "The Colorado Changes to the Revised Uniform Limited Partnership Act", see 53 U. Colo. L. Rev. 823 (1982). For article, "Trade Name Registration Requirements and Customs in Colorado — Parts I and II", see 16 Colo. Law. 238 and 454 (1987).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-62-1103
What does Colorado Revised Statutes § 7-62-1103 cover?
Section 7-62-1103 ("Provisions for existing limited partnerships.") 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 § 7-62-1103?
A common citation format is "Colorado Revised Statutes § 7-62-1103" (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 § 7-62-1103 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.