§ 620.1602, Fla. Stat. · Part I. FLORIDA REVISED UNIFORMLIMITED PARTNERSHIP ACT OF 2005
Effect of dissociation as limited partner.
Text — 2026 Florida Statutes
(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.
Notes and commentary — not statutory text
History
s. 17, ch. 2005-267.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0620/0620.html
- Text hash
- sha256 738cb6e7862fa0942ee7c7405a2d5b7a9e3ef9b901d25104287b92c42878e337
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- § 620.1305, Fla. Stat.Limited duties of limited partners.Printed as s. 620.1305(1); s. 620.1305(2)
- § 620.1605, Fla. Stat.Effect of dissociation as general partner.Printed as s. 620.1605(1)(b)
- § 620.1704, Fla. Stat.Power of estate of deceased partner.Printed as s. 620.1704
- § 620.2101, Fla. Stat.Definitions.Printed as ss. 620.2101-620.2125
Cited by 1 provision
Provisions in this library whose text cites § 620.1602, Fla. Stat.. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.