Tennessee Statutes

§ 61-2-602 — Withdrawal of general partner

Tennessee·Title 61
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, in addition to any remedies otherwise available under applicable law.

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Related

Gwynne Barton v. Roy Gilleland
(Court of Appeals of Tennessee, 2005)

Legislative History

Acts 1988, ch. 922, § 1.

Nearby Sections

15
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