The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
006
:
DISTRIBUTIONS AND WITHDRAWAL
(Cite as: 11 V.S.A. § 3452)
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§ 3452. Withdrawal of 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 and offset the damages against the amount otherwise
distributable to him or her. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)