Florida § 620.1602 Effect of dissociation as limited partner

Florida Statutes

§ 620.1602 — Effect of dissociation as limited partner

Florida § 620.1602

TitleXXXVI

Ch. 620PARTNERSHIP LAWS

This text of Florida § 620.1602 (Effect of dissociation as limited partner) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 620.1602 (2026).

Text

(1)Upon a person’s dissociation as a limited partner:

(a)Subject to s. 620.1704, the person does not have further rights as a limited partner.

(b)The person’s obligation of good faith and fair dealing as a limited partner under s. 620.1305(2) continues only as to matters arising and events occurring before the dissociation and such person’s duties, if any, under s. 620.1305(1) terminate or continue in the same manner as provided in s. 620.1605(1)(b) and (c).

(c)Subject to s. 620.1704 and ss. 620.2101-620.2125, 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.

(2)A person’s dissociation as a limited partner does not of itself discharge the person from any obligation t

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(1) Upon a person’s dissociation as a limited partner: (a) Subject to s. 620.1704, the person does not have further rights as a limited partner. (b) The person’s obligation of good faith and fair dealing as a limited partner under s. 620.1305(2) continues only as to matters arising and events occurring before the dissociation and such person’s duties, if any, under s. 620.1305(1) terminate or continue in the same manner as provided in s. 620.1605(1)(b) and (c). (c) Subject to s. 620.1704 and ss. 620.2101-620.2125, 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.

(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 which the person incurred while a limited partner.