KRS 362.2-602: Effect of dissociation as limited partner.

Upon a person's dissociation as a limited partner:

(1) Subject to KRS 362.2 -704, the person does not have further rights as a limited

partner;

(2) The person's obligation of good faith and fair dealing as a limited partner under

KRS 362.2-305(2) continues only as to matters arising and events occurring before

the dissociation;

(3) Subject to KRS 362.2 -704 and 362.2 -951 to 362.2 -963, any transferable interest

owned by the person in the person's capacity as a limited partner immediately before

dissociation is owned by the person as a mere transferee; and

(4) The dissociation does not of itself discharge the person from any obligation to the

limited partnership or the other partners which the person incurred while a limited

partner.