Section 362.2-602 - Effect of dissociation as limited partnerUpon a person's dissociation as a limited partner:
(1) Subject to KRS 362.2-704, 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 KRS 362.2-305(2) continues only as to matters arising and events occurring before the dissociation;(3) Subject to KRS 362.2-704 and 362.2-951 to 362.2-963, 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; and(4) The dissociation 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.Effective:7/12/2006
Created 2006, Ky. Acts ch. 149, sec. 139, effective7/12/2006.