PUBLISHED

N.C.G.S. § 59-602

Withdrawal of general partner.

Effective date: 2026-08-08
Last verified: 2026-08-09
Source: official source
Revision history: view all versions

After filing of the original certificate of limited partnership, 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, in addition to its other remedies, any damages for breach of the partnership agreement and may offset the damages against the amount otherwise distributable or payable to the partner. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 26.)