Is Cal. Corp. Code § 15906.02 — Dissociation still in force?

Statute · California Corporations Code

Cal. Corp. Code § 15906.02 — Dissociation

Cal. Corp. Code § 15906.02

Type: Statute
Source: California Corporations Code
Jurisdiction: California
Date: 2007-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

(a) Upon a person’s dissociation as a limited partner:

Citator

Cal. Corp. Code § 15906.02 — Dissociation is in force in the current edition of the Code, and nothing recorded condemns it.

(a) Upon a person’s dissociation as a limited partner:

(1) subject to Section 15907.04, the person does not have further rights as a limited partner;

(2) the person’s obligation of good faith and fair dealing as a limited partner under subdivision (b) of Section 15903.05 continues only as to matters arising and events occurring before the dissociation; and

(3) subject to Section 15907.04 and Article 11 (commencing with Section 15911.01), any transferable interest owned by the person in the person’s capacity as a limited partner immediately before dissociation is owned by the person as a mere transferee.

(b) A person’s dissociation as a limited partner does not of itself discharge the person from any obligation to the limited partnership or the other partners which the person incurred while a limited partner.