{"data":{"id":"us-ca/corp-15906.02","jurisdiction":"us-ca","citation":"CORP § 15906.02","heading":"","body":"(a) Upon a person’s dissociation as a limited partner:\n(1) subject to Section 15907.04, the person does not have further rights as a limited partner;\n(2) the person’s obligation of good faith and fair dealing as a limited partner under subdivision (b) of Section 15903.05 continues only as to matters arising and events occurring before the dissociation; and\n(3) subject to Section 15907.04 and Article 11 (commencing with Section 15911.01), 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(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":["Corporations Code - CORP","TITLE 2. PARTNERSHIPS [15800. - 16962.]","CHAPTER 4.5. Uniform Limited Partnership Act of 2008 [15900. - 15912.07.]","ARTICLE 6. Dissociation [15906.01. - 15906.07.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"0cbd139d4c0656cfaec06307f54a4ffa75d50bd39e2db728f54bf8dfbd4de7f0","source_id":"us-ca","stale":false,"prev":"us-ca/corp-15906.01","next":"us-ca/corp-15906.03"},"notice":"GroundRules: Original legal text. Not legal advice."}