California § 15906.05 - Upon a person
Full text of California Public Contract Code - PCC § 15906.05 — Upon a person, with citation guidance and answers to common questions.
§ 15906.05. Upon a person
(a) Upon a personâs dissociation as a general partner all of the following apply: (1) The personâs right to participate as a general partner in the management and conduct of the partnershipâs activities terminates. (2) The personâs duty of loyalty as a general partner under paragraph (3) of subdivision (b) of Section 15904.08 terminates. (3) The personâs duty of loyalty as a general partner under paragraphs (1) and (2) of subdivision (b) of Section 15904.08 and duty of care under subdivision (c) of Section 15904.08 continue only with regard to matters arising and events occurring before the personâs dissociation as a general partner. (4) The person may sign and deliver to the Secretary of State on a form prescribed by the Secretary of State for filing, containing the name of the limited partnership and the Secretary of Stateâs file number of the limited partnership, a certificate of dissociation pertaining to the person and, at the request of the limited partnership, shall sign an amendment to the certificate of limited partnership which states that the person has dissociated. (5) Subject to Section 15907.04 and Article 11 (commencing with Section 15911.01), any transferable interest owned by the person immediately before dissociation in the personâs capacity as a general partner is owned by the person as a mere transferee. (b) A personâs dissociation as a general 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 general partner.
Frequently Asked Questions About California § 15906.05
What does Public Contract Code - PCC § 15906.05 cover?
Section 15906.05 ("Upon a person") is part of the Public Contract Code - PCC, the codified statutory law of California. 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 California § 15906.05?
A common citation format is "Public Contract Code - PCC § 15906.05" (California). 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 California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 15906.05 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California 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 California.