Washington § 25.10.516 Effect of dissociation as limited partner.

Washington Statutes

§ 25.10.516 — Effect of dissociation as limited partner.

Washington § 25.10.516

Title 25PARTNERSHIPS

Ch. 25.10UNIFORM LIMITED PARTNERSHIP ACT

This text of Washington § 25.10.516 (Effect of dissociation as limited partner.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 25.10.516 (2026).

Text

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

(a)Subject to RCW 25.10.561 , 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 RCW 25.10.341 (2) continues only as to matters arising and events occurring before the dissociation; and

(c)Subject to RCW 25.10.561 and article 11 of this chapter, 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 that the person incurred while a limited partner.

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

(a) Subject to RCW 25.10.561 , 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 RCW 25.10.341 (2) continues only as to matters arising and events occurring before the dissociation; and

(c) Subject to RCW 25.10.561 and article 11 of this chapter, 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 that the person incurred while a limited partner.