N.D. Cent. Code § 45-10.2-56: (602) Effect of dissociation as limited partner

1.Upon the dissociation of a person as a limited partner:

a.Subject to section 45-10.2-65, the person does not have further rights as a limited partner;

b.The obligation of a person for good faith and fair dealing as a limited partner under subsection 2 of section 45-10.2-35 continues only as to matters arising and events occurring before the dissociation; and

c.Subject to section 45-10.2-65 and sections 45-10.2-94 through 45-10.2-106, any transferable interest owned by the person in the capacity as a limited partner immediately before dissociation is owned by the person as a mere transferee.

2.The dissociation of a person as a limited partner 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.