Arkansas Statutes
§ 4-47-602 — Effect of dissociation as limited partner
Arkansas § 4-47-602
JurisdictionArkansas
Title4
This text of Arkansas § 4-47-602 (Effect of dissociation as limited partner) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 4-47-602 (2026).
Text
(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.
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Legislative History
Acts 2007, No. 15, § 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 4-47-602, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/4-47-602.