O.C.G.A.

O.C.G.A. § 14-9-606 (2019)

Right to distribution

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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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.

History

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

Annotations

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.

ARTICLE 7 PARTNERSHIP INTERESTS