---
title: O.C.G.A. § 14-9-803. Winding up.
collection: code
id: 14-9-803
cite_as: O.C.G.A. § 14-9-803 (2025)
canonical_url: https://georgiacommons.org/code/14-9-803
md_url: https://georgiacommons.org/code/14-9-803.md
text_url: https://georgiacommons.org/code/14-9-803/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-2017-pdf.pdf?sfvrsn=507372ea_0#page=1034
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/14-9.md
previous: https://georgiacommons.org/code/14-9-802.md
next: https://georgiacommons.org/code/14-9-804.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS / REVISED UNIFORM LIMITED PARTNERSHIP ACT / DISSOLUTION
---

# O.C.G.A. § 14-9-803. Winding up.

(a) After dissolution, except as provided in the partnership agreement, the general partners who have not withdrawn or, if none, the limited partners may wind up the limited partnership’s affairs but, if one or more of such general partners have engaged in wrongful conduct, or upon other cause shown, the court may wind up the limited partnership’s affairs upon application of a partner, his legal representative, or assignee.

(b) Unless otherwise provided in writing in the partnership agreement, the persons winding up the limited partnership’s affairs may, in the name of, and for and on behalf of, the limited partnership:

(1) Prosecute and defend suits, whether civil, criminal, or administrative;

(2) Settle and close the limited partnership’s business;

(3) Dispose of and convey the limited partnership’s property for cash;

(4) Discharge the limited partnership’s liabilities; and

(5) Distribute to the partners any remaining assets of the limited partnership.

## History

Code 1981, § 14-9-803, enacted by Ga. L. 1988, p. 1016, § 1; Ga. L. 1989, p. 931, § 14.

## Law Reviews

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