California Corporations Code

§ 15906.05

CORP § 15906.05 Effective Jan 1, 2015Title 2 · Ch. 4.5 · Art. 6

(a)Upon a person’s dissociation as a general partner all of the following apply:

(1)The person’s right to participate as a general partner in the management and conduct of the partnership’s activities terminates.

(2)The person’s duty of loyalty as a general partner under paragraph (3) of subdivision (b) of Section 15904.08 terminates.

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Legislative history

Amended by Stats. 2014, Ch. 834, Sec. 27. (SB 1041) Effective January 1, 2015.