Voluntary withdrawal of general partner - 15 Pa. Cons. Stat. § 8552
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Pennsylvania Statutes
§ 8552. Voluntary withdrawal of general partner.
(a) General rule.--A general partner may withdraw from a
limited partnership at any time by giving written notice to the
other partners, but, if the partnership agreement prohibits the
withdrawal of the general partner or the withdrawal otherwise
violates the partnership agreement, the limited partnership may
recover from the withdrawing general partner damages for breach
of the partnership agreement and offset the damages against the
amount otherwise distributable to him.
(b) Cross reference.--See section 8512(b) (relating to
events requiring amendment).
(June 22, 2001, P.L.418, No.34, eff. 60 days)
Cross References. Section 8552 is referred to in section
8532 of this title.
Section: 8544 8545 8546 8547 8548 8549 8551 8552 8553 8554 8555 8556 8557 8558 8561
Last modified: November 27, 2007
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