Effect of dissociation as limited partner.
RCW 25.10.516
in effect(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.
(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.
Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=25.10&full=trueFetched: 6/29/2026