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§ 23-16-7-2 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 16 - Limited Partnerships/
  6. Chapter 7 - Distributions and Withdrawals23-16-7-1. Interim Distributions/
  7. § 23-16-7-2
Indiana Legal Code

§ 23-16-7-2

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However, if the general partner's withdrawal violates the partnership agreement, the limited partnership may recover from the withdrawing general partner damages for breach of the partnership agreement and may offset the damages against the amount otherwise distributable to the withdrawing general partner in addition to any remedies otherwise available under applicable law.As added by P.L.147-1988, SEC.1.