Section 32.11.250. Withdrawal of general partner.

Latest version.

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 and offset the damages against the amount otherwise distributable to the general partner.

Authorities

32.11.160

Notes

References

AS 32.11.160 Events of withdrawal.

History

(Sec. 1 ch 128 SLA 1992)

                    
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