Effect of retirement, death, or insanity of a general partner

Colo. Rev. Stat. § 7-61-121, under Corporations and Associations.

Colo. Rev. Stat. § 7-61-121

(1) The retirement, death, or insanity of a general partner dissolves the partnership unless the business is continued by the remaining general partners:

(a) Under a right to do so as stated in the certificate; or

(b) With the consent of all members.

Source: L. 31: p. 638, � 20. CSA: C. 123, � 63. CRS 53: � 104-2-20. C.R.S. 1963: � 104-2-20.