This article shall be known and may be cited as the "Uniform Partnership Law".
Source: L. 31: p. 645, § 1. CSA: C. 123, § 1. CRS 53: § 104-1-1. C.R.S. 1963: § 104-1-1.
ANNOTATION
Law reviews. For article, "One Year Review of Corporations, Partnership, and Agency", see 37 Dicta 11 (1960). For article, "Research and Development Tax Shelter Partnerships", see 11 Colo. Law. 1851 (1982).
The uniform act governs the formation, operation, and dissolution of partnerships and the rights and duties of partners, one to another and to third persons. Mann v. Friden, 132 Colo. 273, 287 P.2d 961 (1955).
This article governs in a dispute involving a partnership formed before 1998. Adams v. Land Servs., Inc., 194 P.3d 429 (Colo. App. 2008).
Derivative actions not authorized. This act contains no provision analogous to C.R.C.P. 23.1 or § 7-62-1001 that would give a general partner the right to bring a derivative action, absent exceptional circumstances. Adams v. Land Servs., Inc., 194 P.3d 429 (Colo. App. 2008).