Digest of Bills - 1999
CORPORATIONS AND ASSOCIATIONS

H.B. 99-1259 Limited partnerships - presumptions - filing the certificate. Creates a presumption that general partners of a limited partnership have agreed to execute and file certificates of limited partnership. Creates a presumption that property contributed to the partnership and legal relationships of the parties will remain consistent with applicable Colorado law related to limited partnerships until the general partner files the certificate. Allows a partner to seek a court order to force the filing of the certificate when the general partner has failed to do so. Makes the presumption that a general partner executes and files the certificate inapplicable in an action for damages against the general partner by other partners for failure to file the certificate.

APPROVED by Governor March 24, 1999
EFFECTIVE March 24, 1999

 

Session Laws of Colorado Digest of Bills General Assembly State of Colorado


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