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-46. Compensation.

Active

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

A limited partner may receive from the partnership the share of the profits or the compensation by way of income stipulated in the certificate, provided that after such payment is made, whether from the property of the partnership or that of a general partner, the partnership assets are in excess of all liabilities of the partnership except liabilities to limited partners on account of their contributions and to general partners.

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, § 15; Code 1981, § 14-9-46; Code 1981, § 14-9A-46, 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.

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