Arizona Statutes
§ 29-332 — Withdrawal of general partner
Arizona·Title 29 Arizona Revised Statutes·Ch. 3 LIMITED PARTNERSHIPS·Art. 6 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. The withdrawal of a general partner who is also a limited partner does not constitute withdrawal of the partner as a limited partner or affect the partner’s rights as a limited partner.
Free access — add to your briefcase to read the full text and ask questions with AI
Arizona § 29-332 (Withdrawal of general partner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 29-1001
Definitions§ 29-1002
Knowledge and notice§ 29-1004
Supplemental principles of law§ 29-1006
Law governing internal relations§ 29-1011
Partnership as entity§ 29-1012
Formation of partnership§ 29-1013
Partnership property§ 29-1021
Partner agent of partnership§ 29-1022
Transfer of partnership property