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2022 Maryland Statutes
Corporations and Associations
Title 10 - Limited Partnership Act
Subtitle 6 - Distributions and Withdrawal
Section 10-602 - Withdrawal of General Partner
Universal Citation:
MD Corporations and Associations Code § 10-602 (2022)
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A general partner may withdraw from a limited partnership at any time by giving written notice to the other partners, but if the withdrawal notice 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 withdrawing general partner.
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