District of Columbia § 29-706.04 Person’s power to dissociate as general partner; wrongful dissociation.

District of Columbia Statutes

§ 29-706.04 — Person’s power to dissociate as general partner; wrongful dissociation.

District of Columbia § 29-706.04

Title 29Business Organizations. [Enacted title]

Ch. 7Limited Partnerships.

Subch. VIDissociation.

This text of District of Columbia § 29-706.04 (Person’s power to dissociate as general partner; wrongful dissociation.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 29-706.04 (2026).

Text

(a)A person may dissociate as a general partner at any time, rightfully or wrongfully, by express will pursuant to § 29-706.03(1) .

(b)A person’s dissociation as a general partner shall be wrongful only if:

(1)It is in breach of an express provision of the partnership agreement; or

(2)It occurs before the completion of the winding up of the limited partnership and the person:

(A)Withdraws as a general partner by express will;

(B)Expelled as a general partner by judicial determination under § 29-706.03(5) ;

(C)Is dissociated as a general partner by becoming a debtor in bankruptcy; or

(D)In the case of a person that is not an individual, trust (other than a business trust), or estate, is expelled or otherwise dissociated as a general partner because it will

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(a) A person may dissociate as a general partner at any time, rightfully or wrongfully, by express will pursuant to § 29-706.03(1) .

(b) A person’s dissociation as a general partner shall be wrongful only if:

(1) It is in breach of an express provision of the partnership agreement; or

(2) It occurs before the completion of the winding up of the limited partnership and the person:

(A) Withdraws as a general partner by express will;

(B) Expelled as a general partner by judicial determination under § 29-706.03(5) ;

(C) Is dissociated as a general partner by becoming a debtor in bankruptcy; or

(D) In the case of a person that is not an individual, trust (other than a business trust), or estate, is expelled or otherwise dissociated as a general partner because it willfully dissolved or terminated.

(c) A person that wrongfully dissociates as a general partner shall be liable to the limited partnership and, subject to § 29-709.01 , to the other partners for damages caused by the dissociation. The liability shall be in addition to any other obligation of the general partner to the limited partnership or to the other partners.