District Of Columbia § 29-706.06 - Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general partner.
Full text of District Of Columbia D.C. Code § 29-706.06 — Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general partner., with citation guidance and answers to common questions.
§ 29-706.06. Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general partner.
29-706.06After a person is dissociated as a general partner and before the limited partnership is dissolved, merged out of existence, converted, or domesticated under or , or otherwise ceases to exist in the form of a limited partnership as a result of a transaction under , the limited partnership shall be bound by an act of the person only if:
The act would have bound the limited partnership under before the dissociation; and
At the time the other party enters into the transaction:
Less than 2 years has passed since the dissociation; and
The other party does not have notice of the dissociation and reasonably believes that the person is a general partner.
If a limited partnership is bound under subsection (a) of this section, the person dissociated as a general partner which caused the limited partnership to be bound shall be liable:
To the limited partnership for any damage caused to the limited partnership arising from the obligation incurred under subsection (a) of this section; and
If a general partner or another person dissociated as a general partner is liable for the obligation, to the general partner or other person for any damage caused to the general partner or other person arising from the liability.
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 § 606 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 § 29-706.06
What does D.C. Code § 29-706.06 cover?
Section 29-706.06 ("Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general 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 § 29-706.06?
A common citation format is "D.C. Code § 29-706.06" (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 § 29-706.06 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.