Colorado § 7-64-1205 - Applicability.
Full text of Colorado Colorado Revised Statutes § 7-64-1205 — Applicability., with citation guidance and answers to common questions.
§ 7-64-1205. Applicability.
(1) This article governs only a partnership formed:
(a) After January 1, 1998, unless that partnership is continuing the business of a partnership that has dissolved under section 7-60-141; and
(b) Before January 1, 1998, that elects, as provided by subsection (2) of this section, to be governed by this article.
(2) A partnership voluntarily may elect, in the manner provided in its partnership agreement or by law for amending the partnership agreement, to be governed by this article. The provisions of this article relating to the liability of the partnership's partners to third parties apply to limit those partners' liability to a third party who had done business with the partnership within one year preceding the partnership's election to be governed by this article, only if the third party has notice of the partnership's election to be governed by this article.
Source: L. 97: Entire article added, p. 915, § 1, effective January 1, 1998.
ANNOTATION
Law reviews. For article, "Entity and Trade Name Filing Requirements and Customs in Colorado — Part I", see 41 Colo. Law. 57 (Nov. 2012). For article, "Entity and Trade Name Filing Requirements and Customs in Colorado — Part II", see 41 Colo. Law. 25 (Dec. 2012).
A dispute involving a partnership formed before 1998 is governed by the Uniform Partnership Law, article 60 of title 7. Adams v. Land Servs., Inc., 194 P.3d 429 (Colo. App. 2008).
Frequently Asked Questions About Colorado § 7-64-1205
What does Colorado Revised Statutes § 7-64-1205 cover?
Section 7-64-1205 ("Applicability.") 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 § 7-64-1205?
A common citation format is "Colorado Revised Statutes § 7-64-1205" (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 § 7-64-1205 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.