{"data":{"id":"us-dc/d.c.-code-29-706.06","jurisdiction":"us-dc","citation":"D.C. Code § 29-706.06","heading":"Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general partner.","body":"(a)\nAfter a person is dissociated as a general partner and before the limited partnership is dissolved, merged out of existence, converted, or domesticated under subchapter X of this chapter or Chapter 2 of this title, or otherwise ceases to exist in the form of a limited partnership as a result of a transaction under Chapter 2 of this title, the limited partnership shall be bound by an act of the person only if:\n(1)\nThe act would have bound the limited partnership under § 29-704.02 before the dissociation; and\n(2)\nAt the time the other party enters into the transaction:\n(A)\nLess than 2 years has passed since the dissociation; and\n(B)\nThe other party does not have notice of the dissociation and reasonably believes that the person is a general partner.\n\n(b)\nIf a limited partnership is bound under subsection (a) of this section, the person dissociated as a general partner which caused the limited partnership to be bound shall be liable:\n(1)\nTo the limited partnership for any damage caused to the limited partnership arising from the obligation incurred under subsection (a) of this section; and\n(2)\nIf a general partner or another person dissociated as a general partner is liable for the obligation, to the general partner or other person for any damage caused to the general partner or other person arising from the liability.","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/29-706.06","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"b9897658be46400dcffee75c8c809b80557ae924aafe3f35480bfbd1092dd5d5","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-706.05","next":"us-dc/d.c.-code-29-706.07"},"notice":"GroundRules: Original legal text. Not legal advice."}