A dissociated limited partner:

Question

Quizplus · Accepted Answer

A dissociated limited partner is not a limited partner,has no rights as a limited partner,and is treated as a mere transferee of the dissociated limited partner's transferable interest.That means the dissociated limited partner has no right to vote or exercise any other partners' powers,but does have the right to receive distributions (profits)from the limited partnership and has the right to receive the liquidation value of his transferable interest at the termination of the limited partnership.

A Dissociated Limited Partner