---
title: O.C.G.A. § 14-9A-91. Settling of accounts.
collection: code
id: 14-9A-91
cite_as: O.C.G.A. § 14-9A-91 (2025)
canonical_url: https://georgiacommons.org/code/14-9A-91
md_url: https://georgiacommons.org/code/14-9A-91.md
text_url: https://georgiacommons.org/code/14-9A-91/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=1084
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 / DISSOLUTION
---

# O.C.G.A. § 14-9A-91. Settling of accounts.

(a) In settling accounts after dissolution, the liabilities of the partnership shall be entitled to payment in the following order:

(1) Those to creditors, in the order of priority as provided by law, except those to limited partners on account of their contributions and to general partners;

(2) Those to limited partners in respect to their share of the profits and other compensation by way of income on their contributions;

(3) Those to limited partners in respect to the capital of their contributions;

(4) Those to general partners other than for capital and profits;

(5) Those to general partners in respect to profits;

(6) Those to general partners in respect to capital.

(b) Subject to any statement in the certificate required under Code Section 14-9A-20 or to subsequent agreement, limited partners share in the partnership assets in respect to their claims for capital, and in respect to their claims for profits or for compensation by way of income on their contributions respectively, in proportion to the respective amounts of such claims.

## History

Ga. L. 1952, p. 375, § 23; Code 1981, § 14-9-91; Code 1981, § 14-9A-91, as redesignated by Ga. L. 1988, p. 1016, § 1.