A partnership agreement may provide that (1) a general 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 general 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 IV. General Partners
§ 17-401. Admission of general partners.
§ 17-402. Events of withdrawal.
§ 17-403. General powers and liabilities.
§ 17-404. Contributions by a general partner.
§ 17-406. Remedies for breach of partnership agreement by general partner.