62Change in status of partners

#### 62 Change in status of partners 62 Change in status of partners > > (1) If a general partner becomes a limited partner, the limitation on liability does not extend to any liability of the limited partnership that arose before the partner became a limited partner. > > > (2) If a limited partner becomes a general partner, the limitation on liability no longer extends to any liability of the limited partnership that arose before the partner became a general partner. > > **ss 61–63:** Ins 1991 No 48, Sch 1. Am 2004 No 8, Sch 1 \[81\].