---
title: O.C.G.A. § 14-9A-45. Priority among limited partners.
collection: code
id: 14-9A-45
cite_as: O.C.G.A. § 14-9A-45 (2025)
canonical_url: https://georgiacommons.org/code/14-9A-45
md_url: https://georgiacommons.org/code/14-9A-45.md
text_url: https://georgiacommons.org/code/14-9A-45/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-2017-pdf.pdf?sfvrsn=507372ea_0#page=1074
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS / LIMITED PARTNERSHIPS / LIMITED PARTNERSHIPS FORMED SINCE FEBRUARY 15, 1952 / LIMITED PARTNERS
---

# O.C.G.A. § 14-9A-45. Priority among limited partners.

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.

## 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.