(1) If a partner withdraws from the partnership, the partner will be liable for its obligations incurred up to that point if they become due before the end of five years after the partner’s withdrawal and claims against the partner resulting therefrom have been determined in a manner specified in section 197 (1) nos. 3 to 5 of the Civil Code, or if a judicial or official act of execution is undertaken or applied for; in the case of public law obligations, the issuance of an administrative act will suffice. The time period begins to run at the end of the day on which the withdrawal is registered in the Commercial Register of the court having jurisdiction over the seat of the partnership. The provisions of sections 204, 206, 210, 211 and 212 (2) and (3) of the Civil Code applying to limitation apply accordingly.
(2) Insofar as the partner has recognised the claim in writing, a determination in a manner specified in section 197 subsection (1) nos. 3 to 5 of the Civil Code will not be necessary.
(3) If a partner becomes a limited partner, subsections (1) and (2) apply accordingly to the limitation of their liability for the obligations already existing at the time of the entry of the change in the Commercial Register. This will apply even if the partner becomes active in the management of the partnership or of an enterprise belonging to it as partner. The partner’s liability as limited partner remains unaffected.