reglab/housing_qa huggingface dataset:
AR Code § 4-47-607 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 6 - Dissociation|§ 4-47-607. Liability to other persons of person dissociated as general partner

 (a) A person's dissociation as a general partner does not of itself discharge the person's liability as a general partner for an obligation of the limited partnership incurred before dissociation. Except as otherwise provided in subsections (b) and (c), the person is not liable for a limited partnership's obligation incurred after dissociation.  (b) A person whose dissociation as a general partner resulted in a dissolution and winding up of the limited partnership's activities is liable to the same extent as a general partner under § 4-47-404 on an obligation incurred by the limited partnership under § 4-47-804.  (c) A person that has dissociated as a general partner but whose dissociation did not result in a dissolution and winding up of the limited partnership's activities is liable on a transaction entered into by the limited partnership after the dissociation only if:  (1) a general partner would be liable on the transaction; and  (2) at the time the other party enters into the transaction:  (A) less than two years has passed since the dissociation; and  (B) the other party does not have notice of the dissociation and reasonably believes that the person is a general partner.      (d) By agreement with a creditor of a limited partnership and the limited partnership, a person dissociated as a general partner may be released from liability for an obligation of the limited partnership.  (e) A person dissociated as a general partner is released from liability for an obligation of the limited partnership if the limited partnership's creditor, with notice of the person's dissociation as a general partner but without the person's consent, agrees to a material alteration in the nature or time of payment of the obligation.
AR Code § 4-47-701 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 7 - Transferable Interests and Rights of Transferees and Creditors|§ 4-47-701. Partner's transferable interest

 The only interest of a partner which is transferable is the partner's transferable interest. A transferable interest is personal property.
AR Code § 4-47-702 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 7 - Transferable Interests and Rights of Transferees and Creditors|§ 4-47-702. Transfer of partner's transferable interest

 (a) A transfer, in whole or in part, of a partner's transferable interest:  (1) is permissible;  (2) does not by itself cause the partner's dissociation or a dissolution and winding up of the limited partnership's activities; and  (3) does not, as against the other partners or the limited partnership, entitle the transferee to participate in the management or conduct of the limited partnership's activities, to require access to information concerning the limited partnership's transactions except as otherwise provided in subsection (c), or to inspect or copy the required information or the limited partnership's other records.    (b) A transferee has a right to receive, in accordance with the transfer:  (1) distributions to which the transferor would otherwise be entitled; and  (2) upon the dissolution and winding up of the limited partnership's activities the net amount otherwise distributable to the transferor.    (c) In a dissolution and winding up, a transferee is entitled to an account of the limited partnership's transactions only from the date of dissolution.  (d) Upon transfer, the transferor retains the rights of a partner other than the interest in distributions transferred and retains all duties and obligations of a partner.  (e) A limited partnership need not give effect to a transferee's rights under this section until the limited partnership has notice of the transfer.  (f) A transfer of a partner's transferable interest in the limited partnership in violation of a restriction on transfer contained in the partnership agreement is ineffective as to a person having notice of the restriction at the time of transfer.  (g) A transferee that becomes a partner with respect to a transferable interest is liable for the transferor's obligations under §§ 4-47-502 and 4-47-509. However, the transferee is not obligated for liabilities unknown to the transferee at the time the transferee became a partner.
AR Code § 4-47-703 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 7 - Transferable Interests and Rights of Transferees and Creditors|§ 4-47-703. Rights of creditor of partner or transferee

 (a) On application to a court of competent jurisdiction by any judgment creditor of a partner or transferee, the court may charge the transferable interest of the judgment debtor with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of a transferee. The court may appoint a receiver of the share of the distributions due or to become due to the judgment debtor in respect of the partnership and make all other orders, directions, accounts, and inquiries the judgment debtor might have made or which the circumstances of the case may require to give effect to the charging order.  (b) A charging order constitutes a lien on the judgment debtor's transferable interest. The court may order a foreclosure upon the interest subject to the charging order at any time. The purchaser at the foreclosure sale has the rights of a transferee.  (c) At any time before foreclosure, an interest charged may be redeemed:  (1) by the judgment debtor;  (2) with property other than limited partnership property, by one or more of the other partners; or  (3) with limited partnership property, by the limited partnership with the consent of all partners whose interests are not so charged.    (d) This chapter does not deprive any partner or transferee of the benefit of any exemption laws applicable to the partner's or transferee's transferable interest.  (e) This section provides the exclusive remedy by which a judgment creditor of a partner or transferee may satisfy a judgment out of the judgment debtor's transferable interest.
AR Code § 4-47-704 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 7 - Transferable Interests and Rights of Transferees and Creditors|§ 4-47-704. Power of estate of deceased partner

 If a partner dies, the deceased partner's personal representative or other legal representative may exercise the rights of a transferee as provided in § 4-47-702 and, for the purposes of settling the estate, may exercise the rights of a current limited partner under § 4-47-304.
AR Code § 4-47-801 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-801. Nonjudicial dissolution

 Except as otherwise provided in § 4-47-802, a limited partnership is dissolved, and its activities must be wound up, only upon the occurrence of any of the following:   (1) the happening of an event specified in the partnership agreement;  (2) the consent of all general partners and of limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective;  (3) after the dissociation of a person as a general partner:  (A) if the limited partnership has at least one remaining general partner, the consent to dissolve the limited partnership given within 90 days after the dissociation by partners owning a majority of the rights to receive distributions as partners at the time the consent is to be effective; or  (B) if the limited partnership does not have a remaining general partner, the passage of 90 days after the dissociation, unless before the end of the period:  (i) consent to continue the activities of the limited partnership and admit at least one general partner is given by limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective; and  (ii) at least one person is admitted as a general partner in accordance with the consent;      (4) the passage of 90 days after the dissociation of the limited partnership's last limited partner, unless before the end of the period the limited partnership admits at least one limited partner; or  (5) the signing and filing of a declaration of dissolution by the Secretary of State under § 4-47-809(c).
AR Code § 4-47-802 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-802. Judicial dissolution

 On application by a partner the circuit court may order dissolution of a limited partnership if it is not reasonably practicable to carry on the activities of the limited partnership in conformity with the partnership agreement.
AR Code § 4-47-803 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-803. Winding up

 (a) A limited partnership continues after dissolution only for the purpose of winding up its activities.  (b) In winding up its activities, the limited partnership:  (1) may amend its certificate of limited partnership to state that the limited partnership is dissolved, preserve the limited partnership business or property as a going concern for a reasonable time, prosecute and defend actions and proceedings, whether civil, criminal, or administrative, transfer the limited partnership's property, settle disputes by mediation or arbitration, file a statement of termination as provided in § 4-47-203, and perform other necessary acts; and  (2) shall discharge the limited partnership's liabilities, settle and close the limited partnership's activities, and marshal and distribute the assets of the partnership.    (c) If a dissolved limited partnership does not have a general partner, a person to wind up the dissolved limited partnership's activities may be appointed by the consent of limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective. A person appointed under this subsection:  (1) has the powers of a general partner under § 4-47-804; and  (2) shall promptly amend the certificate of limited partnership to state:  (A) that the limited partnership does not have a general partner;  (B) the name of the person that has been appointed to wind up the limited partnership; and  (C) the street and mailing address of the person.      (d) On the application of any partner, the circuit court may order judicial supervision of the winding up, including the appointment of a person to wind up the dissolved limited partnership's activities, if:  (1) a limited partnership does not have a general partner and within a reasonable time following the dissolution no person has been appointed pursuant to subsection (c); or  (2) the applicant establishes other good cause.
AR Code § 4-47-804 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-804. Power of general partner and person dissociated as general partner to bind partnership after dissolution

 (a) A limited partnership is bound by a general partner's act after dissolution which:  (1) is appropriate for winding up the limited partnership's activities; or  (2) would have bound the limited partnership under § 4-47-402 before dissolution, if, at the time the other party enters into the transaction, the other party does not have notice of the dissolution.    (b) A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution if:  (1) at the time the other party enters into the transaction:  (A) less than two years has passed since the dissociation; and  (B) the other party does not have notice of the dissociation and reasonably believes that the person is a general partner; and    (2) the act:  (A) is appropriate for winding up the limited partnership's activities; or  (B) would have bound the limited partnership under § 4-47-402 before dissolution and at the time the other party enters into the transaction the other party does not have notice of the dissolution.
AR Code § 4-47-805 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-805. Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners, and persons dissociated as general partner

 (a) If a general partner having knowledge of the dissolution causes a limited partnership to incur an obligation under § 4-47-804(a) by an act that is not appropriate for winding up the partnership's activities, the general partner is liable:  (1) to the limited partnership for any damage caused to the limited partnership arising from the obligation; and  (2) if another general partner or a person dissociated as a general partner is liable for the obligation, to that other general partner or person for any damage caused to that other general partner or person arising from the liability.    (b) If a person dissociated as a general partner causes a limited partnership to incur an obligation under § 4-47-804(b), the person is liable:  (1) to the limited partnership for any damage caused to the limited partnership arising from the obligation; and  (2) if a general partner or another person dissociated as a general partner is liable for the obligation, to the general partner or other person for any damage caused to the general partner or other person arising from the liability.
AR Code § 4-47-806 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-806. Known claims against dissolved limited partnership

 (a) A dissolved limited partnership may dispose of the known claims against it by following the procedure described in subsection (b).  (b) A dissolved limited partnership may notify its known claimants of the dissolution in a record. The notice must:  (1) specify the information required to be included in a claim;  (2) provide a mailing address to which the claim is to be sent;  (3) state the deadline for receipt of the claim, which may not be less than 120 days after the date the notice is received by the claimant;  (4) state that the claim will be barred if not received by the deadline; and  (5) unless the limited partnership has been throughout its existence a limited liability limited partnership, state that the barring of a claim against the limited partnership will also bar any corresponding claim against any general partner or person dissociated as a general partner which is based on § 4-47-404.    (c) A claim against a dissolved limited partnership is barred if the requirements of subsection (b) are met and:  (1) the claim is not received by the specified deadline; or  (2) in the case of a claim that is timely received but rejected by the dissolved limited partnership, the claimant does not commence an action to enforce the claim against the limited partnership within 90 days after the receipt of the notice of the rejection.    (d) This section does not apply to a claim based on an event occurring after the effective date of dissolution or a liability that is contingent on that date.
AR Code § 4-47-807 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-807. Other claims against dissolved limited partnership

 (a) A dissolved limited partnership may publish notice of its dissolution and request persons having claims against the limited partnership to present them in accordance with the notice.  (b) The notice must:  (1) be published at least once in a newspaper of general circulation in the county in which the dissolved limited partnership's designated office is located or, if it has none in this State, in the county in which the limited partnership's designated office is or was last located;  (2) describe the information required to be contained in a claim and provide a mailing address to which the claim is to be sent;  (3) state that a claim against the limited partnership is barred unless an action to enforce the claim is commenced within five years after publication of the notice; and  (4) unless the limited partnership has been throughout its existence a limited liability limited partnership, state that the barring of a claim against the limited partnership will also bar any corresponding claim against any general partner or person dissociated as a general partner which is based on § 4-47-404.    (c) If a dissolved limited partnership publishes a notice in accordance with subsection (b), the claim of each of the following claimants is barred unless the claimant commences an action to enforce the claim against the dissolved limited partnership within five years after the publication date of the notice:  (1) a claimant that did not receive notice in a record under § 4-47-806;  (2) a claimant whose claim was timely sent to the dissolved limited partnership but not acted on; and  (3) a claimant whose claim is contingent or based on an event occurring after the effective date of dissolution.    (d) A claim not barred under this section may be enforced:  (1) against the dissolved limited partnership, to the extent of its undistributed assets;  (2) if the assets have been distributed in liquidation, against a partner or transferee to the extent of that person's proportionate share of the claim or the limited partnership's assets distributed to the partner or transferee in liquidation, whichever is less, but a person's total liability for all claims under this paragraph does not exceed the total amount of assets distributed to the person as part of the winding up of the dissolved limited partnership; or  (3) against any person liable on the claim under § 4-47-404.
AR Code § 4-47-808 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-808. Liability of general partner and person dissociated as general partner when claim against limited partnership barred

 If a claim against a dissolved limited partnership is barred under § 4-47-806 or § 4-47-807, any corresponding claim under § 4-47-404 is also barred.
AR Code § 4-47-809 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-809. Administrative dissolution

 (a) The Secretary of State may dissolve a limited partnership administratively if the limited partnership does not, within 60 days after the due date:  (1) pay any fee, tax, or penalty due to the Secretary of State under this chapter or other law; or  (2) deliver its annual report to the Secretary of State.    (b) If the Secretary of State determines that a ground exists for administratively dissolving a limited partnership, the Secretary of State shall file a record of the determination and serve the limited partnership with a copy of the filed record.  (c) If within 60 days after service of the copy the limited partnership does not correct each ground for dissolution or demonstrate to the reasonable satisfaction of the Secretary of State that each ground determined by the Secretary of State does not exist, the Secretary of State shall administratively dissolve the limited partnership by preparing, signing and filing a declaration of dissolution that states the grounds for dissolution. The Secretary of State shall serve the limited partnership with a copy of the filed declaration.  (d) A limited partnership administratively dissolved continues its existence but may carry on only activities necessary to wind up its activities and liquidate its assets under §§ 4-47-803 and 4-47-812 and to notify claimants under §§ 4-47-806 and 4-47-807.  (e) The administrative dissolution of a limited partnership does not terminate the authority of its agent for service of process.
AR Code § 4-47-810 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-810. Reinstatement following administrative dissolution

 (a) A limited partnership that has been administratively dissolved may apply to the Secretary of State for reinstatement within two years after the effective date of dissolution. The application must be delivered to the Secretary of State for filing and state:  (1) the name of the limited partnership and the effective date of its administrative dissolution;  (2) that the grounds for dissolution either did not exist or have been eliminated; and  (3) that the limited partnership's name satisfies the requirements of § 4-47-108.    (b) If the Secretary of State determines that an application contains the information required by subsection (a) and that the information is correct, the Secretary of State shall prepare a declaration of reinstatement that states this determination, sign, and file the original of the declaration of reinstatement, and serve the limited partnership with a copy.  (c) When reinstatement becomes effective, it relates back to and takes effect as of the effective date of the administrative dissolution and the limited partnership may resume its activities as if the administrative dissolution had never occurred.
AR Code § 4-47-811 (2020)
2020 Arkansas Code|Title 4 - Business and Commercial Law|Subtitle 4 - Partnerships|Chapter 47 - Uniform Limited Partnership Act (2001)|Subchapter 8 - Dissolution|§ 4-47-811. Appeal from denial of reinstatement

 (a) If the Secretary of State denies a limited partnership's application for reinstatement following administrative dissolution, the Secretary of State shall prepare, sign and file a notice that explains the reason or reasons for denial and serve the limited partnership with a copy of the notice.  (b) Within 30 days after service of the notice of denial, the limited partnership may appeal from the denial of reinstatement by petitioning the circuit court to set aside the dissolution. The petition must be served on the Secretary of State and contain a copy of the Secretary of State's declaration of dissolution, the limited partnership's application for reinstatement, and the Secretary of State's notice of denial.  (c) The court may summarily order the Secretary of State to reinstate the dissolved limited partnership or may take other action the court considers appropriate.