N.Y. PTR Law § 121-602
This is the official text of N.Y. PTR Law § 121-602, part of New York’s PTR Law — part of the compiled statutory law of New York, published by the state as "PTR Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Withdrawal of a general partner
Official statutory text
§ 121-602. Withdrawal of a general partner. A general partner may\nwithdraw from a limited partnership at any time by giving written notice\nto the other partners, but if the withdrawal violates the partnership\nagreement, the limited partnership may recover from the withdrawing\ngeneral partner damages for breach of the partnership agreement, which\nmay be determined as set forth in the partnership agreement, and offset\nthe damages against the amount otherwise distributable to him.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.