District Of Columbia § 29-706.02 - Effect of dissociation as limited partner.
Full text of District Of Columbia D.C. Code § 29-706.02 — Effect of dissociation as limited partner., with citation guidance and answers to common questions.
§ 29-706.02. Effect of dissociation as limited partner.
29-706.02Upon a person’s dissociation as a limited partner:
Subject to , the person shall not have further rights as a limited partner;
The person’s obligation of good faith and fair dealing as a limited partner under shall continue only as to matters arising and events occurring before the dissociation; and
Subject to and , any transferable interest owned by the person in the person’s capacity as a limited partner immediately before dissociation shall be owned by the person as a mere transferee.
A person’s dissociation as a limited partner does not itself discharge the person from any debt, liability, or other obligation to the limited partnership or the other partners which the person incurred while a limited partner.
Annotations
Application of Law 19-210: Section 7 of provided that the act shall apply as of January 1, 2012.
Uniform Law: This section is based on § 602 of the Uniform Limited Partnership Act (2001 Act).
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-706.02
What does D.C. Code § 29-706.02 cover?
Section 29-706.02 ("Effect of dissociation as limited partner.") is part of the D.C. Code, the codified statutory law of District Of Columbia. 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 District Of Columbia § 29-706.02?
A common citation format is "D.C. Code § 29-706.02" (District Of Columbia). 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 District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 29-706.02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia 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 District Of Columbia.