Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 9A. LIMITED PARTNERSHIPS · Article 1. LIMITED PARTNERSHIPS FORMED SINCE FEBRUARY 15, 1952 · Part 2. FORMATION, CANCELLATION, AND AMENDMENT

14-9A-21. Business which may be carried on; power to acquire property.

Active

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

(a)
A limited partnership may carry on any business which a partnership without limited partners may carry on, except for banking, insurance, railroad, trust, canal, navigation, express, and telegraph businesses.#
(b)
A limited partnership may acquire property of any nature and take title thereto in the name of the partnership. The specification of this power shall not be construed to limit any other power which such limited partnership may have.#

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.

History

Ga. L. 1952, p. 375, § 3; Ga. L. 1970, p. 195, § 1; Code 1981, § 14-9-21; Code 1981, § 14-9A-21, as redesignated by Ga. L. 1988, p. 1016, § 1.

Cross references

Status of banking, insurance, or railroad corporations as Secretary of State Corporations, § 14-4-1 et seq.

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 1065; merge action: carried; file SHA-256 f2fad2b71b39.

Ask about this section

The answer is drawn from this section and, when they fit, the other sections of its chapter. It quotes the text and names the section for each claim. Not legal advice.