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  • SECTION 121-601
    Interim distributions
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  • ARTICLE 8-A
    Revised Limited Partnership Act
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  • SECTION 121-603
    Withdrawal of a limited partner
    • This entry was published on 2014-09-22
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    SECTION 121-602

    Withdrawal of a general partner

    Partnership (PTR) CHAPTER 39, ARTICLE 8-A

    § 121-602. Withdrawal of a general partner. A general partner may
    withdraw from a limited partnership at any time by giving written notice
    to the other partners, but if the withdrawal violates the partnership
    agreement, the limited partnership may recover from the withdrawing
    general partner damages for breach of the partnership agreement, which
    may be determined as set forth in the partnership agreement, and offset
    the damages against the amount otherwise distributable to him.