{"data":{"id":"us-mt/35-12-1017","jurisdiction":"us-mt","citation":"35-12-1017","heading":"Effect of dissociation as limited partner.","body":"(1) Upon a person's dissociation as a limited partner:\n(a) subject to 35-12-1105, the person does not have further rights as a limited partner;\n(b) the person's obligation of good faith and fair dealing as a limited partner under 35-12-707(2) continues only as to matters arising and events occurring before the dissociation; and\n(c) subject to 35-12-1105 and Title 35, chapter 12, part 15, 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(2) 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 that the person incurred while a limited partner.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 12. LIMITED PARTNERSHIPS","Part 10. Distribution and Dissociation"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0120/part_0100/section_0170/0350-0120-0100-0170.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:24Z","sha256":"1a8a8419cb8540bec67513a98fd3182f346d86c3ff76dc6feec2eede60eb12a5","source_id":"us-mt","stale":false,"prev":"us-mt/35-12-1016","next":"us-mt/35-12-1018"},"notice":"GroundRules: Original legal text. Not legal advice."}