A partnership agreement may provide that:
(1) A limited partner who fails to perform in accordance with, or to comply with the terms and conditions of, the partnership agreement shall be subject to specified penalties or specified consequences; and
(2) At the time or upon the happening of events specified in the partnership agreement, a limited partner shall be subject to specified penalties or specified consequences.
Such specified penalties or specified consequences may include and take the form of any penalty or consequence set forth in § 17-502(c) of this title.
Structure Delaware Code
Chapter 17. LIMITED PARTNERSHIPS
Subchapter III. Limited Partners
§ 17-301. Admission of limited partners.
§ 17-303. Liability to third parties.
§ 17-304. Person erroneously believing himself or herself limited partner.
§ 17-305. Access to and confidentiality of information; records.
§ 17-306. Remedies for breach of partnership agreement by limited partner.