Colorado § 7-64-307 - Actions by and against partnership and partners.
Full text of Colorado Colorado Revised Statutes § 7-64-307 — Actions by and against partnership and partners., with citation guidance and answers to common questions.
§ 7-64-307. Actions by and against partnership and partners.
(1) A partnership may sue and be sued in the name of the partnership.
(2) An action may be brought against the partnership and any or all of the partners in the same action or in separate actions.
(3) A judgment against a partnership is not by itself a judgment against a partner. A judgment against a partnership may not be satisfied from the assets of a partner liable as provided in section 7-64-306 for the partnership obligation unless there is also a judgment against the partner for such obligation.
(4) A judgment creditor of a partner may not levy execution against the assets of the partner to satisfy a judgment based on a claim against the partnership unless:
(a) The claim is for a partnership obligation for which the partner is liable as provided in section 7-64-306 and either:
(I) A judgment based on the same claim has been obtained against the partnership and a writ of execution on the judgment has been returned unsatisfied in whole or in part;
(II) The partnership is a debtor in bankruptcy;
(III) The partner has agreed that the creditor need not exhaust partnership assets; or
(IV) A court grants permission to the judgment creditor to levy execution against the assets of a partner based on a finding that partnership assets subject to execution are clearly insufficient to satisfy the judgment, that exhaustion of partnership assets is excessively burdensome, or that the grant of permission is an appropriate exercise of the court's equitable powers; or
(b) Liability is imposed on the partner by law or contract independent of the existence of the partnership.
(5) This section applies to any partnership obligation resulting from a representation by a partner or purported partner under section 7-64-308.
Source: L. 97: Entire article added, p. 878, § 1, effective January 1, 1998. L. 2003: (1) amended, p. 2253, § 155, effective July 1, 2004. L. 2004: (1) amended, p. 1451, § 158, effective July 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-64-307
What does Colorado Revised Statutes § 7-64-307 cover?
Section 7-64-307 ("Actions by and against partnership and 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 § 7-64-307?
A common citation format is "Colorado Revised Statutes § 7-64-307" (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 § 7-64-307 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.