Where there are several limited partners, the members may agree that one or more of the limited partners shall have a priority over other limited partners as to the return of their contributions, as to their compensation by way of income, or as to any other matter. If such an agreement is made it shall be stated in the certificate, and, in the absence of such a statement, all the limited partners shall stand upon equal footing.
Source: L. 31: p. 633, § 14. CSA: C. 123, § 57. CRS 53: § 104-2-14. C.R.S. 1963: § 104-2-14.
Structure Colorado Code
Title 7 - Corporations and Associations
Article 61 - Uniform Limited Partnership Law of 1931
§ 7-61-104. Business Which May Be Carried On
§ 7-61-105. Limited Partner's Contribution
§ 7-61-106. Name Not to Contain Surname of Limited Partner - Exceptions
§ 7-61-107. Liability for False Statement in Certificate
§ 7-61-108. Limited Partner Not Liable to Creditors - When
§ 7-61-109. Admission of Additional Limited Partners
§ 7-61-110. General Partner - Rights - Liabilities
§ 7-61-111. Rights of a Limited Partner
§ 7-61-112. Status of Person Erroneously Believing Self to Be a Limited Partner
§ 7-61-113. One Person Both General and Limited Partner
§ 7-61-114. Transactions With Limited Partner
§ 7-61-115. Relation of Limited Partners Inter Se
§ 7-61-116. Compensation of Limited Partner
§ 7-61-117. Withdrawal or Reduction of Limited Partner's Contribution
§ 7-61-118. Liability of Limited Partner to Partnership
§ 7-61-119. Nature of Limited Partner's Interest
§ 7-61-120. Assignment of Limited Partner's Interest
§ 7-61-121. Effect of Retirement, Death, or Insanity of a General Partner
§ 7-61-122. Death of Limited Partner
§ 7-61-123. Rights of Creditors of Limited Partner
§ 7-61-124. Distribution of Assets
§ 7-61-125. When Certificate Shall Be Canceled or Amended
§ 7-61-126. Requirements for Amendment and for Cancellation of Certificate
§ 7-61-127. Parties to Actions
§ 7-61-128. Rules of Construction