New York § 121-602 - 121-602Withdrawal of a general partner
Full text of New York New York Consolidated Laws § 121-602 — 121-602Withdrawal of a general partner, with citation guidance and answers to common questions.
§ 121-602. 121-602Withdrawal of a general partner
§ 121-602. Withdrawal of a general partner. 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, which may be determined as set forth in the partnership agreement, and offset the damages against the amount otherwise distributable to him.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 121-602
What does New York Consolidated Laws § 121-602 cover?
Section 121-602 ("121-602Withdrawal of a general partner") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 121-602?
A common citation format is "New York Consolidated Laws § 121-602" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 121-602 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.