§ 10-602. Withdrawal of general partner
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 10-602
§ 10-602. Withdrawal of 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 notice 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 the withdrawing general partner.
Credits
Added by Acts 1981, c. 801, § 2.
MD Code, Corporations and Associations, § 10-602, MD CORP & ASSNS § 10-602
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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