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-52. Rights of judgment creditor of limited partner.

Active

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

(a)
On due application to a court of competent jurisdiction by any judgment creditor of a limited partner, the court may charge the interest of the indebted limited partner with payment of the unsatisfied amount of the judgment debt and may appoint a receiver and make all other orders, directions, and inquiries which the circumstances of the case may require.#
(b)
The interest may be redeemed with the separate property of any general partner, but may not be redeemed with partnership property.#
(c)
The remedies conferred by subsection (a) of this Code section shall not be deemed exclusive of others which may exist.#
(d)
Nothing in this article shall be held to deprive a limited partner of his statutory exemption.#

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, § 22; Code 1981, § 14-9-52; Code 1981, § 14-9A-52, 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 1079; merge action: carried; file SHA-256 f2fad2b71b39.

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