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.
Structure Alaska Statutes
Chapter 11. Uniform Limited Partnership Act
Article 5. Distributions, Withdrawal, and Return of Contribution.
Sec. 32.11.240. Interim distributions.
Sec. 32.11.250. Withdrawal of general partner.
Sec. 32.11.260. Withdrawal of limited partner.
Sec. 32.11.270. Distribution upon withdrawal.
Sec. 32.11.280. Distribution in kind.
Sec. 32.11.290. Right to distribution.