Missouri Revised Statutes

Chapter 359
Uniform Limited Partnership Law
Section 359.331

August 28, 2007


Withdrawal of a general partner--notice to other partners--breach of partnership agreement, setoff of damages, when.

359.331. 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.

(L. 1985 H.B. 512 & 650)

Effective 1-1-87


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