Provisions for existing limited partnerships

7-61-130. Provisions for existing limited partnerships. (1) A limited partnership formed under any statute of this state prior to April 11, 1931, may become a limited partnership under this article by complying with the provisions of section 7-61-103 if the certificate states: (a) The amount of the original contributions of each limited partner and the time when the contribution was made; and (b) That the property of the partnership exceeds the amount sufficient to discharge its liabilities to persons not claiming as general or limited partners by an amount greater than the sum of the contributions of its limited partners. (2) A limited partnership formed under any statute of this state prior to April 11, 1931, unless it becomes a limited partnership under this article, shall continue to be governed by the provisions of prior existing law, except that such partnership shall not be renewed unless so provided in the original agreement. Source: L. 31: p. 643, � 30. CSA: C. 123, � 73. CRS 53: � 104-2-30. C.R.S. 1963: � 104-2-30. L. 2003: IP(1) amended, p. 2241, � 122, effective July 1, 2004. ARTICLE 62 Colorado Uniform Limited Partnership Act of 1981 Cross references: For application of general partnership law to limited partnerships, see � 7-60-106; for applicability and short title of this article, see �� 7-62-1101 and 7-62-1105; for the Uniform Records Retention Act, see article 17 of title 6. Law reviews: For article, FLPs for Family Asset Management and Transfer Tax Planning, see 24 Colo. Law. 1245 (1995); for article, Colorado Choice of Entity 1998, see 27 Colo. Law. 5 (June 1998); for article, Colorado Choice of Form of Organization and Structure 2001, see 30 Colo. Law. 11 (Oct. 2001); for article, Entity and Trade Name Registration: 2001 Update, see 30 Colo. Law. 81 (Oct. 2001); for article, Entity and Trade Name Registration: 2004 Update, see 34 Colo. Law. 11 (Jan. 2005). PART 1 GENERAL PROVISIONS