1. (1) The certificate shall be canceled when the partnership is dissolved or all limited partners cease to be such.

2. (2) A certificate shall be amended when:

   1. (a) There is a change in the name of the partnership or in the amount or character of the contribution of any limited partner;
   2. (b) A person is substituted as a limited partner;
   3. (c) An additional limited partner is admitted;
   4. (d) A person is admitted as a general partner;
   5. (e) A general partner retires, dies, or is unable to function as a general partner as a result of a mental health disorder and the business is continued under section 7-61-121;
   6. (f) There is a change in the character of the business of the partnership;
   7. (g) There is a false or erroneous statement in the certificate;
   8. (h) There is a change in the time as stated in the certificate for the dissolution of the partnership or for the return of a contribution;
   9. (i) A time is fixed for the dissolution of the partnership or the return of a contribution, no time having been stated in the certificate; or
   10. (j) The members desire to make a change in any other statement in the certificate in order that it shall accurately represent the agreement between them.

Source: L. 31: p. 640, § 24. CSA: C. 123, § 67. CRS 53: § 104-2-24. C.R.S. 1963: § 104-2-24. L. 2003: (2)(i) amended, p. 2240, § 120, effective July 1, 2004. L. 2017: (2)(e) amended, (SB 17-242), ch. 263, p. 1263, § 32, effective May 25.

Cross references: For the legislative declaration in SB 17-242, see section 1 of chapter 263, Session Laws of Colorado 2017.