Montana § 35-12-1020 - Effect Of Dissociation As General Partner
Full text of Montana Montana Code Annotated § 35-12-1020 — Effect Of Dissociation As General Partner, with citation guidance and answers to common questions.
§ 35-12-1020. Effect Of Dissociation As General Partner
Effect of dissociation as general partner. (1) Upon a person's dissociation as a general partner: (a) the person's right to participate as a general partner in the management and conduct of the partnership's activities terminates; (b) the person's duty of loyalty as a general partner under 35-12-811 (2)(c) terminates; (c) the person's duty of loyalty as a general partner under 35-12-811 (2)(a) and (2)(b) and duty of care under 35-12-811 (3) continue only with regard to matters arising and events occurring before the person's dissociation as a general partner; (d) the person may sign and deliver to the secretary of state for filing a statement of dissociation pertaining to the person and, at the request of the limited partnership, shall sign an amendment to the certificate of limited partnership that states that the person has dissociated; and (e) subject to 35-12-1105 and Title 35, chapter 12, part 15, any transferable interest owned by the person immediately before dissociation in the person's capacity as a general partner is owned by the person as a mere transferee. (2) A person's dissociation as a general partner does not of itself discharge the person from any obligation to the limited partnership or the other partners that the person incurred while a general partner.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 35-12-1020
What does Montana Code Annotated § 35-12-1020 cover?
Section 35-12-1020 ("Effect Of Dissociation As General Partner") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 35-12-1020?
A common citation format is "Montana Code Annotated § 35-12-1020" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 35-12-1020 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.