Delaware Statutes
§ 17-306 — Remedies for breach of partnership agreement by limited partner
Delaware § 17-306
This text of Delaware § 17-306 (Remedies for breach of partnership agreement by limited partner) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Del. Code tit. 6, § 17-306 (2026).
Text
A partnership agreement may provide that:
(1)A limited partner who fails to perform in accordance with, or to comply with the terms and conditions of, the partnership agreement shall be subject to specified penalties or specified consequences; and
(2)At the time or upon the happening of events specified in the partnership agreement, a limited partner shall be subject to specified penalties or specified consequences.
Such specified penalties or specified consequences may include and take the form of any penalty or consequence set forth in § 17-502(c) of this title.
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Legislative History
67 Del. Laws, c. 348, § 18 ; 73 Del. Laws, c. 73, § 21
Nearby Sections
15
§ 17-1001
Right to bring action§ 17-1002
Proper plaintiff§ 17-1003
Complaint§ 17-1004
Expenses§ 17-101
Definitions§ 17-102
Name set forth in certificate§ 17-103
Reservation of name§ 17-108
IndemnificationCite This Page — Counsel Stack
Bluebook (online)
Delaware § 17-306, Counsel Stack Legal Research, https://law.counselstack.com/statute/de/17-306.