A partner's interest in the partnership is the partner's share of the profits and surplus, and the same is personal property.
Source: L. 31: p. 659, § 26. CSA: C. 123, § 26. CRS 53: § 104-1-26. C.R.S. 1963: § 104-1-26. L. 2004: Entire section amended, p. 1426, § 85, effective July 1.
ANNOTATION
Law reviews. For article, "Financing Real Estate Developments", see 11 Colo. Law. 2093 (1982). For article, "Campbell: A Caveat for Service Partners", see 20 Colo. Law. 75 (1991).
Where the partner's interest in the partnership is deemed personalty and consists of a proportionate share of the partnership's profits and surplus, the court cannot order a division of specific partnership interest to a non-partner spouse if there are other partners in the venture besides the other spouse. In re Paul, 821 P.2d 925 (Colo. App. 1991).