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O.C.G.A. § 14-9-606 — Right to distribution | Georgia Code

O.C.G.A. § 14-9-606 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

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

ARTICLE 6 DISTRIBUTIONS AND WITHDRAWAL

14-9-606. Right to distribution.

Except as otherwise provided in the partnership agreement at the time a partner becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.

(Code 1981, §14-9-606, enacted by Ga. L. 1988, p. 1016, § 1.)

COMMENT

Note to Georgia Revised Uniform Limited Partnership Act This section provides a partner with a creditor's status and remedies in enforcing a right to receive a distribution.

Prior Georgia Law There is no comparable provision.

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

Cross-References Partner's right to receive a distribution on withdrawal: § 14-9-604. Partner's right to receive a distribution on dissolution: § 14-9-804.

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, § 824 et seq.

C.J.S.

- 68 C.J.S., Partnership, § 610 et seq.

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This Georgia Code resource is curated by Graham Syfert, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.