New York Statutes
§ 121-602 — Withdrawal of a general partner
New York § 121-602
This text of New York § 121-602 (Withdrawal of a general partner) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Partnership § 121-602 (2026).
Text
§ 121-602. Withdrawal of a general partner. A general partner may\nwithdraw from a limited partnership at any time by giving written notice\nto the other partners, but if the withdrawal violates the partnership\nagreement, the limited partnership may recover from the withdrawing\ngeneral partner damages for breach of the partnership agreement, which\nmay be determined as set forth in the partnership agreement, and offset\nthe damages against the amount otherwise distributable to him.\n
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Nearby Sections
15
§ 121-1001
Parties to actions§ 121-1002
Limited partners' derivative action§ 121-1003
Security for expenses§ 121-1004
Indemnification of general partner§ 121-101
Definitions§ 121-102
Partnership name§ 121-103
Reservation of partnership name§ 121-104-A
Resignation for receipt of process§ 121-105
Registered agent§ 121-106
Records§ 121-107
Nature of business§ 121-109-A
Electronic service of processCite This Page — Counsel Stack
Bluebook (online)
New York § 121-602, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PTR/121-602.