Colorado Legislative Council Staff

NO FISCAL IMPACT

TITLE:            CONCERNING PRESUMPTIONS RELATED TO CERTIFICATES OF LIMITED PARTNERSHIP.

Summary of Assessment

            The bill would define the relationship between persons forming and acting as a limited partnership and any third party if the documentation has not been filed forming the limited partnership. The bill would become effective upon the Governor's signature.

            The bill governs the legal responsiblities between persons acting as a limited partnership, but without filing the legal documents, and does not impact state or local government revenues or expenditures. Therefore, this bill is assessed as having no fiscal impact.

Departments Contacted

            Secretary of State