Colorado § 7-62-703 - Rights of creditor.
Full text of Colorado Colorado Revised Statutes § 7-62-703 — Rights of creditor., with citation guidance and answers to common questions.
§ 7-62-703. Rights of creditor.
On application to a court of competent jurisdiction by any judgment creditor of a partner, the court may charge the partnership interest of the partner with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the partnership interest. This article shall not deprive any partner of the benefit of any exemption laws applicable to the partner's partnership interest.
Source: L. 81: Entire article added, p. 446, § 1, effective November 1. L. 2004: Entire section amended, p. 1445, § 142, effective July 1.
ANNOTATION
Law reviews. For article, "Charging Partnership and LLC Interests To Satisfy Debts of Individuals", see 23 Colo. Law. 2743 (1994).
Entry of judgment is a prerequisite to a charging order under this section. Trial court erred in dismissing plaintiffs' request for a charging order along with other claims in complaint without first conducting an inquiry to determine the interest of individual defendant in defendant partnership. Sands v. New Age Family P'ship, Ltd., 897 P.2d 917 (Colo. App. 1995).
Applied in Yetter Well Serv., Inc. v. Cimarron Oil Co., Inc., 841 P.2d 1068 (Colo. App. 1992).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-62-703
What does Colorado Revised Statutes § 7-62-703 cover?
Section 7-62-703 ("Rights of creditor.") 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 § 7-62-703?
A common citation format is "Colorado Revised Statutes § 7-62-703" (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 § 7-62-703 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.