Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 9. REVISED UNIFORM LIMITED PARTNERSHIP ACT · Article 6. DISTRIBUTIONS AND WITHDRAWAL

14-9-601. Interim distributions; redemption of interest of partner.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
A partner is entitled to receive distributions from a limited partnership before his withdrawal from the limited partnership and before the dissolution and winding up thereof only to the extent and at the times or upon occurrence of the events specified in the partnership agreement.#
(b)
A limited partnership may redeem all or a portion of the interest of any limited or general partner in accordance with the partnership agreement or as agreed among all of the persons who are partners at the time of redemption.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 14-9-601, enacted by Ga. L. 1988, p. 1016, § 1; Ga. L. 1989, p. 931, § 11.

For note on 1989 amendment to this Code section, see 6 Ga. St. U. L. Rev. 184 (1989).

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, page 1016; merge action: carried; file SHA-256 f2fad2b71b39.