LD 1609
pg. 91
Page 90 of 146 PUBLIC Law Chapter 543 Page 92 of 146
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LR 1469
Item 1

 
3.__General partner may implead, compel contribution.__A
general partner against which an action is commenced under
subsection 1 may:

 
A.__Implead in the action any other person that is liable
under subsection 1 and compel contribution from the person;
and

 
B.__Implead in the action any person that received a
distribution in violation of subsection 2 and compel
contribution from the person in the amount the person
received in violation of subsection 2.

 
4.__Action within 2 years.__An action under this section is
barred if it is not commenced within 2 years after the
distribution.

 
SUBCHAPTER 6

 
DISSOCIATION

 
§1371.__Dissociation as limited partner

 
1.__Prohibited before termination.__A person does not have a
right to dissociate as a limited partner before the termination
of the limited partnership.

 
2.__Dissociation upon occurrence of event.__A person is
dissociated from a limited partnership as a limited partner upon
the occurrence of any of the following events:

 
A.__The limited partnership's having notice of the person's
express will to withdraw as a limited partner or on a later
date specified by the person;

 
B.__An event agreed to in the partnership agreement as
causing the person's dissociation as a limited partner;

 
C.__The person's expulsion as a limited partner pursuant to
the partnership agreement;

 
D.__The person's expulsion as a limited partner by the
unanimous consent of the other partners if:

 
(1)__It is unlawful to carry on the limited
partnership's activities with the person as a limited
partner;

 
(2)__There has been a transfer of all of the person's
transferable interest in the limited partnership, other


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