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TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

9A. Limited Partnerships, 14-9A-1 through 14-9A-130.

ARTICLE 1 LIMITED PARTNERSHIPS FORMED SINCE FEBRUARY 15, 1952

14-9A-24. One person both general and limited partner.

  1. A person may be a general partner and a limited partner in the same partnership at the same time.
  2. A person who is at the same time both a general and a limited partner shall have all the rights and powers and be subject to all the restrictions of a general partner, except that, in respect to his contributions, he shall have the rights against the other members which he would have had as a limited partner if he were not also a general partner.

(Ga. L. 1952, p. 375, § 12; Code 1981, §14-9-24; Code 1981, §14-9A-24, as redesignated by Ga. L. 1988, p. 1016, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, § 830.

C.J.S.

- 68 C.J.S., Partnership, § 566.

U.L.A.

- Uniform Limited Partnership Act (U.L.A.) § 12.