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2018 Georgia Code 14-9-404 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 14-9-404 Case Law from Google Scholar Amendments to OCGA 14-9-404

TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Section 9. Revised Uniform Limited Partnership Act, 14-9-100 through 14-9-1204.

ARTICLE 4 GENERAL PARTNERS

14-9-404. Rights, powers, and liabilities of general partner who is also limited partner.

A person may be both a general partner and a limited partner in a limited partnership if his interests are separately designated in the partnership agreement. A person who is both a general partner and a limited partner has the rights and powers and is subject to the restrictions and liabilities of a general partner and, except as provided in the partnership agreement, also has the rights and powers and is subject to the restrictions and liabilities, if any, of a limited partner to the extent of his participation in the partnership as a limited partner.

(Code 1981, §14-9-404, enacted by Ga. L. 1988, p. 1016, § 1.)

COMMENT

Note to Georgia Revised Uniform Limited Partnership Act This section permits a person to be both a general and a limited partner in a limited partnership and provides rules governing this dual status.

Prior Georgia Law Section 14-9A-24 is similar.

Comparison With Official RULPA This section is the same as the official version.

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, § 846 et seq.

C.J.S.

- 68 C.J.S., Partnership, § 588.

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