{"data":{"id":"us-dc/d.c.-code-29-706.02","jurisdiction":"us-dc","citation":"D.C. Code § 29-706.02","heading":"Effect of dissociation as limited partner.","body":"(a)\nUpon a person’s dissociation as a limited partner:\n(1)\nSubject to § 29-707.04, the person shall not have further rights as a limited partner;\n(2)\nThe person’s obligation of good faith and fair dealing as a limited partner under § 29-703.05(b) shall continue only as to matters arising and events occurring before the dissociation; and\n(3)\nSubject to § 29-707.04 and subchapter X of this chapter, any transferable interest owned by the person in the person’s capacity as a limited partner immediately before dissociation shall be owned by the person as a mere transferee.\n\n(b)\nA person’s dissociation as a limited partner does not itself discharge the person from any debt, liability, or other obligation to the limited partnership or the other partners which the person incurred while a limited partner.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 7. Limited Partnerships.","Subchapter VI. Dissociation."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-706.02","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"f5a51c0e07423caa6158df562ce1e65203b6e0006ffea69a0da6631f8dc77f06","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-706.01","next":"us-dc/d.c.-code-29-706.03"},"notice":"GroundRules: Original legal text. Not legal advice."}