Pennsylvania § 8662 - Effects of dissociation as limited partner.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 8662 — Effects of dissociation as limited partner., with citation guidance and answers to common questions.
§ 8662. Effects of dissociation as limited partner.
(a) General rule.--If a person is dissociated as a limited partner:
(1) subject to section 8674 (relating to power of personal representative of deceased partner), the person does not have further rights as a limited partner;
(2) the person's contractual obligation of good faith and fair dealing as a limited partner under section 8635(a) (relating to limited duties of limited partners) ends with regard to matters arising and events occurring after the person's dissociation except as provided in section 8634(c) (relating to limited partner rights to information); and
(3) subject to section 8674 and Chapter 3 (relating to entity transactions), any transferable interest owned by the person in the person's capacity as a limited partner immediately before dissociation is owned by the person solely as a transferee.
(b) Existing obligations not discharged.--A person's dissociation as a limited partner does not of itself discharge the person from any debt, obligation or other liability to the limited partnership or the other partners which the person incurred while a limited partner.
(c) Cross reference.--See section 8611(d) (relating to short title and application of chapter).
Cross References. Section 8662 is referred to in sections 8611, 8612 of this title.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 8662
What does Pennsylvania Consolidated Statutes § 8662 cover?
Section 8662 ("Effects of dissociation as limited partner.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 8662?
A common citation format is "Pennsylvania Consolidated Statutes § 8662" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 8662 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.