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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-24. One person both general and limited partner.

Active

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

  1. (a)

    A person may be a general partner and a limited partner in the same partnership at the same time.#

  2. (b)

    A person who is at the same time both a general and a limited partner shall have all the rights and powers and be subject to all the restrictions of a general partner, except that, in respect to his contributions, he shall have the rights against the other members which he would have had as a limited partner if he were not also 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, § 12; Code 1981, § 14-9-24; Code 1981, § 14-9A-24, as redesignated by Ga. L. 1988, p. 1016, § 1.

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 1067; merge action: carried; file SHA-256 f2fad2b71b39.