8552 - Voluntary withdrawal of general partner. - Pennsylvania Statutes

§ 8552. Voluntary withdrawal of general partner. (a) General rule.--A general partner may withdraw from a limited partnership at any time by giving written notice to the other partners, but, if the partnership agreement prohibits the withdrawal of the general partner or the withdrawal otherwise 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. (b) Cross reference.--See section 8512(b) (relating to events requiring amendment). (June 22, 2001, P.L.418, No.34, eff. 60 days) Cross References. Section 8552 is referred to in section 8532 of this title.