Colorado § 7-64-504 - Partner's transferable interest subject to charging order.
Full text of Colorado Colorado Revised Statutes § 7-64-504 — Partner's transferable interest subject to charging order., with citation guidance and answers to common questions.
§ 7-64-504. Partner's transferable interest subject to charging order.
(1) On application by a judgment creditor of a partner or of a partner's transferee, a court having jurisdiction may charge the transferable interest of the judgment debtor to satisfy the judgment. The court may appoint a receiver of the share of the distributions due or to become due to the judgment debtor in respect of the partnership and make all other orders, directions, accounts, and inquiries the judgment debtor might have made or which the circumstances of the case may require.
(2) A charging order constitutes a lien on the judgment debtor's transferable interest in the partnership. The court may order a foreclosure of the transferable interest subject to the charging order at any time. The purchaser at the foreclosure sale has the rights of a transferee.
(3) At any time before foreclosure, a transferable interest charged may be redeemed:
(a) By the judgment debtor;
(b) With property other than partnership property, by one or more of the other partners; or
(c) By the partnership with the consent of all of the partners whose transferable interests are not so charged or with such lesser consent as may be permitted by the partnership agreement.
(4) This article does not deprive a partner of a right under exemption laws with respect to the partner's transferable interest in the partnership.
(5) This section provides the exclusive remedy by which a judgment creditor of a partner or partner's transferee may satisfy a judgment out of the judgment debtor's transferable interest in the partnership.
Source: L. 97: Entire article added, p. 884, § 1, effective January 1, 1998.
PART 6
PARTNER'S DISSOCIATION
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-64-504
What does Colorado Revised Statutes § 7-64-504 cover?
Section 7-64-504 ("Partner's transferable interest subject to charging order.") 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 § 7-64-504?
A common citation format is "Colorado Revised Statutes § 7-64-504" (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 § 7-64-504 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.