{"data":{"id":"us-ar/ark.-code-ann.-4-47-602","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-47-602","heading":"Effect of dissociation as limited partner","body":"(a) Upon a person's dissociation as a limited partner: (1) subject to § 4-47-704 , 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 § 4-47-305(b) continues only as to matters arising and events occurring before the dissociation; and (3) subject to § 4-47-704 and subchapter 11, 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. (b) A person's dissociation 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. Acts 2007, No. 15, § 1.\n\n(a) Upon a person's dissociation as a limited partner: (1) subject to § 4-47-704 , 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 § 4-47-305(b) continues only as to matters arising and events occurring before the dissociation; and (3) subject to § 4-47-704 and subchapter 11, 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.\n\n(1) subject to § 4-47-704 , the person does not have further rights as a limited partner;\n\n(2) the person's obligation of good faith and fair dealing as a limited partner under § 4-47-305(b) continues only as to matters arising and events occurring before the dissociation; and\n\n(3) subject to § 4-47-704 and subchapter 11, 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.\n\n(b) A person's dissociation 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.","path":["AR Code","Title 4","Chapter 47","Subchapter 6"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"e95283d55fe99893eb9c317fa9c9160d316c4ed25dc2176a2aba53f080f86995","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-47-601","next":"us-ar/ark.-code-ann.-4-47-603"},"notice":"GroundRules: Original legal text. Not legal advice."}