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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 3. LIMITED PARTNERS

14-9A-42. Rights.

Active

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

  1. (a)

    A limited partner shall have the same rights as a general partner to:#

    1. (1)

      Have the partnership books kept at the principal place of business of the partnership and at all times to inspect and copy any of them;#

    2. (2)

      Have on demand true and full information of all things affecting the partnership and a formal account of partnership affairs whenever circumstances render it just and reasonable; and#

    3. (3)

      Have dissolution and winding up by decree of court.#

  2. (b)

    A limited partner shall have the right to receive a share of the profits or other compensation by way of income and to the return of his contribution as provided in Code Sections 14-9A-46 and 14-9A-47.#

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, § 10; Code 1981, § 14-9-42; Code 1981, § 14-9A-42, 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, pages 1071 to 1072; merge action: carried; file SHA-256 f2fad2b71b39.