WILLIAM DONALD SCHAEFER, Governor Ch. 550

SALE OF THE PARTNER'S PARTNERSHIP INTEREST AT THAT VALUE, OR
OTHER PENALTY REMEDY or consequence.

10-601.

Except as otherwise provided in this subtitle:

(1)  To the extent set forth in the partnership
agreement, a partner is entitled to receive distributions from a
limited partnership before his withdrawal and before the
dissolution and winding up of the limited partnership; and

(2)  To the extent set forth in the [certificate]
PARTNERSHIP AGREEMENT, a limited partner is entitled to receive
distributions which constituted a return of any part of that
limited partner's contribution before his withdrawal and before
the winding up of the limited partnership.

10-603.

A limited partner may withdraw from a limited partnership at
the time or on the happening of events specified in [the
certificate and in accordance with] the partnership agreement.
If the [certificate] PARTNERSHIP AGREEMENT does not specify the
time or the events on the happening of which a limited partner
may withdraw or a definite time for the dissolution and winding
up of the limited partnership, a limited partner may withdraw on
not less than 6 months' prior written notice to each general
partner at the general partner's address on the books of the
limited partnership.

10-605.

Unless otherwise provided in the [certificate] PARTNERSHIP
AGREEMENT, a partner, regardless of the nature of his
contribution, has no right to demand and receive any distribution
from a limited partnership in any form other than cash.

10-703.

(a) An assignee of a partnership interest, including an
assignee of a general partner, may become a limited partner if
and to the extent that:

(1)  The assignor gives the assignee that right in
accordance with authority described in the [certificate]
PARTNERSHIP AGREEMENT; or

(2)  All other partners consent.
10-706.

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