(1) Upon a person's dissociation as a limited partner: (a) Subject to section 53-2-704 , Idaho Code, 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 section 53-2-305 (2), Idaho Code, continues only as to matters arising and events occurring before the dissociation; and (c) Subject to section 53-2-704 , Idaho Code, and part 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 which the person incurred while a limited partner.
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