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-45. Priority among limited partners.

Active

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

Where there are several limited partners, the members may agree that one or more of the limited partners shall have a priority over other limited partners as to the return of their contributions, as to their compensation by way of income, or as to any other matter. If such an agreement is made, it shall be stated in the certificate required under Code Section 14-9A-20, and in the absence of such a statement all the limited partners shall stand upon equal footing.

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, § 14; Code 1981, § 14-9-45; Code 1981, § 14-9A-45, as redesignated by Ga. L. 1988, p. 1016, § 1.

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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 1074; merge action: carried; file SHA-256 f2fad2b71b39.