Section 30:

30. Cases where a person shall cease to be a limited partner (1) A person shall cease to be a limited partner— (a) upon the valid and absolute assignment of the whole of his partnership interest; (b) upon the return of the whole of his contribution, where this is provided in the partnership agreement including, where appropriate, the release of all obligations on his part to make a contribution; or L15A – 21 [Issue 4] Limited Partnerships Act (c) at such time or upon the occurrence of such event as may be specified in the partnership agreement, provided that, in each case, his name shall be removed from the Register. (2) Where a person has ceased to be a limited partner, this shall not relieve him of any liability arising under sections 26 (3) or 54 (2).