A limited partner shall not become liable as a general partner unless, in addition to the exercise of the limited partner’s rights and powers as a limited partner, the limited partner takes part in the control of the business.
Source: L. 31: p. 629, § 7. CSA: C. 123, § 50. CRS 53: § 104-2-7. C.R.S. 1963: § 104-2-7. L. 2004: Entire section amended, p. 1436, § 112, effective July 1.