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Marginalia
Code · Kentucky · Chapter 362 — Partnerships

362.463 Withdrawal of general partner.

65 words·~1 min read·/ky/chapter-362/362-463

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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, in addition to any other remedies available to it, damages for breach of the partnership agreement and offset the damages against the amount otherwise distributable to him.
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