GroundRules
AS 32.11.250: Withdrawal of general partner.
Where this section sits in the code
- Title 32. Partnership.
- Chapter 11. Uniform Limited Partnership Act.
- Article 5. Distributions, Withdrawal, and Return of Contribution.
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.
Collected 2026-09-02T06:18:30Z. Source file · JSON