GroundRules
11 V.S.A. § 3452: Withdrawal of general partner
Where this section sits in the code
- Title 11: Corporations, Partnerships and Associations
- Chapter 023: Limited Partnerships
- Subchapter 006: 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 or her.
Collected 2026-09-05T16:00:51Z. Source file · JSON