Ken was a general partner in a limited partnership until March 2011,when he transferred all his transferable rights to his wife.A few days later,he was expelled from the limited partnership by other partners.If the limited partnership did not give any notice of dissociation,Ken will retain his apparent authority to transact for the limited partnership until:

Question

Quizplus · Accepted Answer

Under the ULPA,two years after the dissociation the apparent authority of a dissociated general partner automatically ends.So,if the limited partnership did not give any notice of dissociation,Ken will retain his apparent authority to transact for the limited partnership till 2013.

Ken Was a General Partner in a Limited Partnership Until