Florida § 620.1606 Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general partner

Florida Statutes

§ 620.1606 — Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general partner

Florida § 620.1606

TitleXXXVI

Ch. 620PARTNERSHIP LAWS

This text of Florida § 620.1606 (Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general 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. § 620.1606 (2026).

Text

(1)After a person is dissociated as a general partner and before the limited partnership is dissolved, converted under s. 620.2102, or merged out of existence under s. 620.2106, the limited partnership is bound by an act of the person only if:

(a)The act would have bound the limited partnership under s. 620.1402 before the dissociation.

(b)At the time the other party enters into the transaction: 1. Less than 2 years have passed since the dissociation. 2. The other party does not have notice of the dissociation and reasonably believes that the person is a general partner.

(2)If a limited partnership is bound under subsection (1), the person dissociated as a general partner which caused the limited partnership to be bound is liable:

(a)To the limited partnership for any damage caused t

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(1) After a person is dissociated as a general partner and before the limited partnership is dissolved, converted under s. 620.2102, or merged out of existence under s. 620.2106, the limited partnership is bound by an act of the person only if: (a) The act would have bound the limited partnership under s. 620.1402 before the dissociation. (b) At the time the other party enters into the transaction: 1. Less than 2 years have passed since the dissociation. 2. The other party does not have notice of the dissociation and reasonably believes that the person is a general partner.

(2) If a limited partnership is bound under subsection (1), the person dissociated as a general partner which caused the limited partnership to be bound is liable: (a) To the limited partnership for any damage caused to the limited partnership arising from the obligation incurred under subsection (1). (b) If 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.