Laserfiche WebLink
C <br />l~ <br />7. A partner may terminate his membership as a limited partner <br />at any time, If the remaining limited partners do not elect to purchase <br />his interest for the value determined in accordance with the preceding <br />paragraph, an assignee may be substituted as a partner, If the remaining <br />limited partners do purchase his partnership interest, the distribution <br />of the value of his interest shall be made in six (6) equal annual <br />installments beginning 60 days after termination of his interest, which <br />distribution shall be in cash. <br />8. No partner has a right to receive any distribution of property <br />other than cash from the limited partnership. <br />9. With the exception of the sale of a limited partner's interest <br />to the remaining limited partners as set forth above, there is no <br />right of a partner to receive o= of the general partner to make any <br />distribution to a partner which includes a return of all or any part <br />of the partner's contribution. <br />10. The limited partnership is to be dissolved and its affairs <br />wound up upon the happening of the following: <br />(a) Dissolution of the partnership by operation of law; <br />(b) WritCen consent of all partners; or <br />(c) Entry of a decree of judicial dissolution under <br />Section 7-62-802 of the Colorado Revised Statutes, <br />11. The partnership shall be dissolved and its business shall <br />be wound up as a result of the occurrence of any of the events set <br />forth in Section 7-62-402 of the Colorado Revised Statutes unless, <br />3. <br /> <br />