A limited partner may receive from the partnership the share of the profits or the compensation by way of income stipulated for in the certificate, if after such payment is made, whether from the property of the partnership or that of a general partner, the partnership assets are in excess of all liabilities of the partnership except liabilities to limited partners on account of their contributions and to general partners.
Source: L. 31: p. 633, § 15. CSA: C. 123, § 58. CRS 53: § 104-2-15. C.R.S. 1963: § 104-2-15.
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