§ 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).
Cross References. Section 8552 is referred to in section 8532 of this title.
Section: Previous 8535 8541 8542 8543 8544 8545-167-8549 8551 8552 8553 8554 8555 8556 8557 8558 8561 NextLast modified: October 8, 2016