§ 620.1605, Fla. Stat. · Part I. FLORIDA REVISED UNIFORMLIMITED PARTNERSHIP ACT OF 2005
Effect of dissociation as general partner.
Text — 2026 Florida Statutes
(1) Upon a person’s dissociation as a general partner:
(a) The person’s right to participate as a general partner in the management and conduct of the partnership’s activities terminates.
(b) The person’s duty of loyalty as a general partner under s. 620.1408(2)(c) terminates.
(c) The person’s duty of loyalty as a general partner under s. 620.1408(2)(a) and (b) and duty of care under s. 620.1408(3) continue only with regard to matters arising and events occurring before the person’s dissociation as a general partner.
(2) The person may sign and deliver to the Department of State for filing a statement of dissociation pertaining to the person and, at the request of the limited partnership, shall sign an amendment to the certificate of limited partnership which states that the person has dissociated.
(3) Subject to s. 620.1704 and ss. 620.2101-620.2125, any transferable interest owned by the person immediately before dissociation in the person’s capacity as a general partner is owned by the person as a mere transferee.
(4) A person’s dissociation as a general 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 general 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 f1ea53cc31ae89ae91dfc35160df0712711ea33807954f0ef79e789e271e36b4
- 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
- § 620.1408, Fla. Stat.General standards of conduct for general partner.Printed as s. 620.1408(2)(a); s. 620.1408(2)(c); s. 620.1408(3)
- § 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
- § 620.2125, Fla. Stat.Application of other laws to provisions governing conversions and mergers.Printed as ss. 620.2101-620.2125
Cited by 2 provisions
Provisions in this library whose text cites § 620.1605, 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.