Indiana Statutes
§ 23-16-7-2 — Withdrawal of general partner
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 16 LIMITED PARTNERSHIPS·Ch. 7 Distributions and Withdrawals
A general partner may withdraw from a limited
partnership at any time by giving written notice to the other partners.
However, if the general partner's withdrawal violates the partnership
agreement, the limited partnership may recover from the withdrawing
general partner damages for breach of the partnership agreement and
may offset the damages against the amount otherwise distributable to
the withdrawing general partner in addition to any remedies otherwise
available under applicable law.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 23-16-7-2 (Withdrawal of general partner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.147-1988, SEC.1.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"