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2011 South Dakota Code
Title 48 PARTNERSHIPS
Chapter 07. Uniform Limited Partnership Act
§48-7-602 Withdrawal of general partner.


SD Codified L § 48-7-602 (through 2011) What's This?

48-7-602. Withdrawal of general partner. 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.

Source: SL 1986, ch 391, § 602.

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