Arkansas § 4-47-602 - Effect of dissociation as limited partner.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-47-602 — Effect of dissociation as limited partner., with citation guidance and answers to common questions.
§ 4-47-602. Effect of dissociation as limited partner.
Upon a person's dissociation as a limited partner: subject to § 4-47-704, the person does not have further rights as a limited partner; the person's obligation of good faith and fair dealing as a limited partner under § 4-47-305(b) continues only as to matters arising and events occurring before the dissociation; and subject to § 4-47-704 and subchapter 11, 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. 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.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 4-47-602
What does Arkansas Code of 1987 Annotated § 4-47-602 cover?
Section 4-47-602 ("Effect of dissociation as limited partner.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 4-47-602?
A common citation format is "Arkansas Code of 1987 Annotated § 4-47-602" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 4-47-602 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.