Colo. Rev. Stat. » Title 7
Colorado Revised Statutes

Colo. Rev. Stat. § 7-60-108 (2024)

Partnership property

✓ C.R.S. 2024: the 2025 and 2026 sessions are not included
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(1) All property originally brought into the partnership stock or subsequently acquired by purchase or otherwise on account of the partnership is partnership property.

(2) Unless the contrary intention appears, property acquired with partnership funds is partnership property.

(3) Any estate in real property may be acquired in the partnership name. Title so acquired can be conveyed only in the partnership name.

(4) A conveyance to a partnership in the partnership name, though without words of inheritance, passes the entire estate of the grantor unless a contrary intent appears.

Source: L. 31: p. 648, § 8. CSA: C. 123, § 8. CRS 53: § 104-1-8. C.R.S. 1963: § 104-1- 8.

Notes of Decisions
Cited in 8 cases, 1979–2013 · leading case: Connolly v. Nuthatch Hill Assocs. (In re Manning), 37 B.R. 755 (Bankr. D. Colo. 1984).
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Connolly v. Nuthatch Hill Assocs. (In re Manning), 37 B.R. 755 (Bankr. D. Colo. 1984). · cites it 4× “See, C.R.S. § 7-60-108. The Trustee argues that when a partnership is dissolved the partners’ interest as tenants in partnership is extinguished and they become tenants in common.”
People v. Clayton, 728 P.2d 723 (Colo. 1986). · cites it 4× “") abrogates the common law principle that a coowner cannot be guilty of theft, as applied to partners. The U.P.”
Frazier v. Carlin, 591 P.2d 1348 (Colo. Ct. App. 1979). · cites it 2× “Those proceeds then became partnership property, § 7-60-108(1), C.R.S.1973, and the partnership had a contractual obligation to proceed with the formation and funding of Willow Ridge Investment Company or to refund to MVG the amounts *1351 received.”
Nile Valley Fed. Sav. & Loan Ass'n v. Sec. Title Guarantee Corp. of Baltimore, 813 P.2d 849 (Colo. Ct. App. 1991). · cites it 3× “Thus, a title search of partnership property may be done by tracing the partnership name in the indices at the clerk and recorder's office in the county where the property is located.”
Standring v. Standring, 794 P.2d 1089 (Colo. Ct. App. 1990). · cites it 2× “Defendant Standring premises his allegation of error on the trial court’s finding that the South College Avenue property was such an asset.”
Don/Mark P'ship v. Nutter (In re Don/Mark P'ship), 14 B.R. 830 (D. Colo. 1981). · cites it 2× “” 2 In the present case the bankruptcy estate therefore included any equitable interests of the partnership in the house.”
Grosboll v. Grosboll, 2013 COA 141, 315 P.3d 1284. · cites it 2× “" § 7-60-108(1), C.R.S.2018 (emphasis added).”
Nile Valley Fed. S & L v. Sec. Title, 813 P.2d 849 (Colo. Ct. App. 1991). · cites it 3× “Section 7-60-108(3), C.R.S. (1985 Repl. Vol.”
Colo. Rev. Stat. § 7-60-108(1): 4 cases
People v. Clayton, 728 P.2d 723 (Colo. 1986). “") abrogates the common law principle that a coowner cannot be guilty of theft, as applied to partners. The U.P.”
Frazier v. Carlin, 591 P.2d 1348 (Colo. Ct. App. 1979). “Those proceeds then became partnership property, § 7-60-108(1), C.R.S.1973, and the partnership had a contractual obligation to proceed with the formation and funding of Willow Ridge Investment Company or to refund to MVG the amounts *1351 received.”
Standring v. Standring, 794 P.2d 1089 (Colo. Ct. App. 1990). “Defendant Standring premises his allegation of error on the trial court’s finding that the South College Avenue property was such an asset.”
Grosboll v. Grosboll, 2013 COA 141, 315 P.3d 1284. “" § 7-60-108(1), C.R.S.2018 (emphasis added).”
Colo. Rev. Stat. § 7-60-108(2): 1 case
Don/Mark P'ship v. Nutter (In re Don/Mark P'ship), 14 B.R. 830 (D. Colo. 1981). “” 2 In the present case the bankruptcy estate therefore included any equitable interests of the partnership in the house.”
Colo. Rev. Stat. § 7-60-108(3): 2 cases
Nile Valley Fed. Sav. & Loan Ass'n v. Sec. Title Guarantee Corp. of Baltimore, 813 P.2d 849 (Colo. Ct. App. 1991). “Thus, a title search of partnership property may be done by tracing the partnership name in the indices at the clerk and recorder's office in the county where the property is located.”
Nile Valley Fed. S & L v. Sec. Title, 813 P.2d 849 (Colo. Ct. App. 1991). “Section 7-60-108(3), C.R.S. (1985 Repl. Vol.”
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