Delaware Statutes
§ 17-406 — Remedies for breach of partnership agreement by general partner
A partnership agreement may provide that (1) a general 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 general 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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Delaware § 17-406 (Remedies for breach of partnership agreement by general partner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
67 Del. Laws, c. 348, § 20 ; 73 Del. Laws, c. 73, § 25
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
Indemnification