GroundRules
S.C. Code Ann. § 33-42-1020: Withdrawal of general partner.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 42 Uniform Limited Partnership Act
- ARTICLE 6 Distributions and Withdrawal
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 him.
Collected 2026-09-02T07:04:29Z. Source file · JSON