North Carolina § 59-602 - Withdrawal of general partner.
Full text of North Carolina North Carolina General Statutes § 59-602 — Withdrawal of general partner., with citation guidance and answers to common questions.
§ 59-602. Withdrawal of general partner.
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. History (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 26.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 59-602
What does North Carolina General Statutes § 59-602 cover?
Section 59-602 ("Withdrawal of general partner.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. 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 North Carolina § 59-602?
A common citation format is "North Carolina General Statutes § 59-602" (North Carolina). 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 North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 59-602 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina 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 North Carolina.