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 the general partner.
NRS 88.495
Withdrawal of general partner
Known as the Uniform Limited Partnership Act
The act spans §§ 88–88 (109 sections).
(Added to NRS by 1985, 1289)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.