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

Colo. Rev. Stat. § 7-60-131 (2024)

Causes of dissolution

✓ C.R.S. 2024: the 2025 and 2026 sessions are not included
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(1) Dissolution is caused:

(a) Without violation of the agreement between the partners:

(I) By the termination of the definite term or particular undertaking stated in the agreement;

(II) By the express will of any partner when no definite term or particular undertaking is stated;

(III) By the express will of all the partners who have not assigned their interests or allowed them to be charged for their separate debts either before or after the termination of any stated term or particular undertaking;

(IV) By the expulsion of any partner from the business bona fide in accordance with such a power conferred by the agreement between the partners;

(b) In contravention of the agreement between the partners, where the circumstances do not permit a dissolution under any other provision of this section, by the express will of any partner at any time;

(c) By any event which makes it unlawful for the business of the partnership to be carried on or for the members to carry it on in partnership;

(d) By the death of any partner;

(e) By the bankruptcy of any partner or the partnership;

(f) By decree of court under section 7-60-132.

Source: L. 31: p. 660, § 31. CSA: C. 123, § 31. CRS 53: § 104-1-31. C.R.S. 1963: § 104-1-31. L. 2003: (1)(a)(I) to (1)(a)(III) amended, p. 2236, § 112, effective July 1, 2004.

Notes of Decisions
Cited in 10 cases, 1981–1995 · leading case: Hooper v. Yoder, 737 P.2d 852 (Colo. 1987).
Sort: Relevance Newest Treatment
Hooper v. Yoder, 737 P.2d 852 (Colo. 1987). · cites it 4× “§ 7-60-131(1), 3A C.R.S. (1986), provides, in pertinent part: (1) Dissolution is caused: (a) Without violation of the agreement between the partners: [[Image here]] (III) By the express will of all the partners who have not assigned their interests or allowed them to be charged…”
Connolly v. Nuthatch Hill Assocs. (In Re Manning), 37 B.R. 755 (Bankr. D. Colo. 1984). · cites it 6× “See, ¶ 12 of the Agreement and C.R.S. § 7-60-131(l)(b) (as amended 1982 cum.”
Yoder v. Hooper, 695 P.2d 1182 (Colo. Ct. App. 1985). · cites it 3× “Section 7-60-131, C.R.S., provides that a partnership may only be dissolved by “the express will of any partner when no definite term or particular undertaking is specified.”
Skeen v. Harms (In Re Harms), 10 B.R. 817 (Bankr. D. Colo. 1981). · cites it 2× “Partners may dissolve a partnership at will, even if the contract states otherwise (Colo. Rev.Stat. § 7-60-131 (1973)). A partner must make full disclosure of all material facts within his knowledge in any way relating to the partnership affairs.”
First Nat'l Bank of Denver v. Dist. Court ex rel. City & Cnty. of Denver, 652 P.2d 613 (Colo. 1982). “Although the court ordered the sale, it did not make the findings necessary to support a court ordered dissolution of the partnership pursuant to sections 7-60-131 and 7-60-132, C.R.S.1973.”
Bush v. Winker, 907 P.2d 79 (Colo. 1995). · cites it 2× “§ 7-60-131(1)(e), 3A C.R.S. (1986) ("Dissolution is caused .”
Wester & Co. v. Nestle, 669 P.2d 1046 (Colo. Ct. App. 1983). · cites it 2× “1973, upon which Nestle relies, is consistent with the concept expressed in § 7-60-131(l)(a)(II), C.R.S.1973 (1982 Cum.”
Harbor Pointe Off. Park, Ltd. v. Prudential Nat'l Assurance Co. (In Re Harbor Pointe Off. Park, Ltd.), 83 B.R. 44 (Bankr. D. Colo. 1988). · cites it 2× “Section 7-60-131 of the Colorado Partnership Law provides that dissolution is caused by the bankruptcy of any partner or the partnership.”
Master Garage, Inc. v. Bugdanowitz, 690 P.2d 879 (Colo. Ct. App. 1984). · cites it 4× “See § 7-60-131(l)(b) C.R.S. (1983 Cum.Supp.).”
Orzolek v. Forman, 670 P.2d 443 (Colo. Ct. App. 1983). · cites it 2× “The partnership goodwill, if any remained in the dissolved partnership, had no market value.”
Colo. Rev. Stat. § 7-60-131(1): 1 case
Hooper v. Yoder, 737 P.2d 852 (Colo. 1987). “§ 7-60-131(1), 3A C.R.S. (1986), provides, in pertinent part: (1) Dissolution is caused: (a) Without violation of the agreement between the partners: [[Image here]] (III) By the express will of all the partners who have not assigned their interests or allowed them to be charged…”
Colo. Rev. Stat. § 7-60-131(1)(e): 1 case
Bush v. Winker, 907 P.2d 79 (Colo. 1995). “§ 7-60-131(1)(e), 3A C.R.S. (1986) ("Dissolution is caused .”
Colo. Rev. Stat. § 7-60-131(l)(a)(II): 3 cases
Hooper v. Yoder, 737 P.2d 852 (Colo. 1987). “§ 7-60-131(1), 3A C.R.S. (1986), provides, in pertinent part: (1) Dissolution is caused: (a) Without violation of the agreement between the partners: [[Image here]] (III) By the express will of all the partners who have not assigned their interests or allowed them to be charged…”
Wester & Co. v. Nestle, 669 P.2d 1046 (Colo. Ct. App. 1983). “1973, upon which Nestle relies, is consistent with the concept expressed in § 7-60-131(l)(a)(II), C.R.S.1973 (1982 Cum.”
Orzolek v. Forman, 670 P.2d 443 (Colo. Ct. App. 1983). “The partnership goodwill, if any remained in the dissolved partnership, had no market value.”
Colo. Rev. Stat. § 7-60-131(l)(a)(III): 1 case
Hooper v. Yoder, 737 P.2d 852 (Colo. 1987). “§ 7-60-131(1), 3A C.R.S. (1986), provides, in pertinent part: (1) Dissolution is caused: (a) Without violation of the agreement between the partners: [[Image here]] (III) By the express will of all the partners who have not assigned their interests or allowed them to be charged…”
Colo. Rev. Stat. § 7-60-131(l)(b): 2 cases
Connolly v. Nuthatch Hill Assocs. (In Re Manning), 37 B.R. 755 (Bankr. D. Colo. 1984). “See, ¶ 12 of the Agreement and C.R.S. § 7-60-131(l)(b) (as amended 1982 cum.”
Master Garage, Inc. v. Bugdanowitz, 690 P.2d 879 (Colo. Ct. App. 1984). “See § 7-60-131(l)(b) C.R.S. (1983 Cum.Supp.).”
Colo. Rev. Stat. § 7-60-131(l)(e): 2 cases
Connolly v. Nuthatch Hill Assocs. (In Re Manning), 37 B.R. 755 (Bankr. D. Colo. 1984). “See, ¶ 12 of the Agreement and C.R.S. § 7-60-131(l)(b) (as amended 1982 cum.”
Bush v. Winker, 907 P.2d 79 (Colo. 1995). “§ 7-60-131(1)(e), 3A C.R.S. (1986) ("Dissolution is caused .”
Colo. Rev. Stat. § 7-60-131(l)(f): 1 case
Master Garage, Inc. v. Bugdanowitz, 690 P.2d 879 (Colo. Ct. App. 1984). “See § 7-60-131(l)(b) C.R.S. (1983 Cum.Supp.).”
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