Renumbered 10/1/2026
166 words·~1 min read·
/ut/title-48/chapter-2e/10-93A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Renumbered 10/1/2026
48-2e-602. Effect of dissociation as limited partner.
(1)If a person is dissociated as a limited partner:
(a)subject to Section 48-2e-704 , the person does not have further rights as a limited partner;
(b)the person's contractual obligation of good faith and fair dealing as a limited partner under Subsection 48-2e-305(1) ends with regard to matters arising and events occurring after the person's dissociation; and
(c)subject to Section 48-2e-704 and Part 11, Merger, Interest Exchange, Conversion, and Domestication , any transferable interest owned by the person in the person's capacity as a limited partner immediately before dissociation is owned by the person solely as a transferee.
(2)A person's dissociation as a limited partner does not of itself discharge the person from any debt, obligation, or other liability to the limited partnership or the other partners which the person incurred while a limited partner.
Renumbered and Amended by Chapter 93 , 2026 General Session
Enacted by Chapter 412 , 2013 General Session