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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-22. Use of surname of limited partner in partnership name; liability of limited partner if surname improperly used.

Active

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

  1. (a)

    The surname of a limited partner shall not appear in the partnership name, unless:#

    1. (1)

      It is also the surname of a general partner; or#

    2. (2)

      Prior to the time when the limited partner became such, the business had been carried on under a name in which his surname appeared.#

  2. (b)

    A limited partner whose name appears in a partnership name contrary to subsection (a) of this Code section is liable as a general partner to partnership creditors who extend credit to the partnership without actual knowledge that he is not a general partner.#

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, § 5; Code 1981, § 14-9-22; Code 1981, § 14-9A-22, as redesignated by Ga. L. 1988, p. 1016, § 1.

Cross references

Registration of partnership name which does not disclose individual ownership of trade, business, or profession carried on under such name, § 10-1-490 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 1066; merge action: carried; file SHA-256 f2fad2b71b39.