Colorado § 7-62-301 - Admission of limited partners.
Full text of Colorado Colorado Revised Statutes § 7-62-301 — Admission of limited partners., with citation guidance and answers to common questions.
§ 7-62-301. Admission of limited partners.
(1) After the filing of a limited partnership's original certificate of limited partnership, a person may be admitted as an additional limited partner:
(a) In the case of a person acquiring a partnership interest directly from the limited partnership, upon compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners;
(b) In the case of an assignee of a partnership interest of a partner who has the power, as provided in section 7-62-704, to grant the assignee the right to become a limited partner, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of the power; and
(c) Either upon formation of the limited partnership or thereafter without making a contribution or being obligated to make a contribution to the limited partnership or acquiring a partnership interest, if in either case such admission is pursuant to a written partnership agreement or other writing confirming the admission.
(2) A person becomes a limited partner on the later of:
(a) The date the original certificate of limited partnership is filed in the records of the secretary of state; and
(b) The date reflected in the records of the limited partnership as the date that person becomes a limited partner.
Source: L. 81: Entire article added, p. 440, § 1, effective November 1. L. 86: (2) R&RE, p. 453, § 14, effective July 1. L. 2003: (2)(a) amended, p. 2245, § 133, effective July 1, 2004. L. 2009: (1) amended, (HB 09-1248), ch. 252, p. 1130, § 5, effective May 14.
ANNOTATION
Law reviews. For comment, "The Colorado Changes to the Revised Uniform Limited Partnership Act", see 53 U. Colo. L. Rev. 823 (1982). For article, "Significant Improvements to Colorado's Limited Partnership Act Adopted", see 15 Colo. Law. 1635 (1986).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-62-301
What does Colorado Revised Statutes § 7-62-301 cover?
Section 7-62-301 ("Admission of limited partners.") 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 § 7-62-301?
A common citation format is "Colorado Revised Statutes § 7-62-301" (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 § 7-62-301 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.