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

Colo. Rev. Stat. § 7-60-127 (2024)

Assignment of partner's interest

✓ C.R.S. 2024: the 2025 and 2026 sessions are not included
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(1) A conveyance by a partner of the partner's interest in the partnership does not of itself dissolve the partnership, nor, as against the other partners in the absence of agreement, entitle the assignee, during the continuance of the partnership, to interfere in the management or administration of the partnership business or affairs, to require any information or account of partnership transactions, or to inspect the partnership books; but it merely entitles the assignee to receive in accordance with the assignee's contract the profits to which the assigning partner would otherwise be entitled.

(2) In a dissolution of the partnership, the assignee is entitled to receive the assignor's interest and may require an account only from the date of the last account agreed to by all the partners. Source: L. 31: p. 659, § 27. CSA: C. 123, § 27. CRS 53: § 104-1-27. C.R.S. 1963: § 104-1-27. L. 2004: Entire section amended, p. 1426, § 86, effective July 1.

Notes of Decisions
Cited in 2 cases, 1983–1993 · leading case: Wester & Co. v. Nestle, 669 P.2d 1046 (Colo. Ct. App. 1983).
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Wester & Co. v. Nestle, 669 P.2d 1046 (Colo. Ct. App. 1983). · cites it 4× “Lessor’s reliance on § 7-60-127, C.R.S. 1973, is misplaced. That section states that a: “conveyance by a partner of his interest in the partnership does not of itself dissolve the partnership, nor, as against the other partners in the absence of agreement, entitle the assignee .”
Dews v. Dews (In Re Dews), 152 B.R. 982 (D. Colo. 1993). · cites it 2× “Colo. Rev.Stat. § 7-60-127 (1986). It does not entitle the assignee to participate in the management of the partnership, however.”
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