2010 Georgia Code 14-9-705 Case Law
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One Click Case Law for § 14-9-705
O.C.G.A. § 14-9-704 <-- --> O.C.G.A. §14-9-801



2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 9 - REVISED UNIFORM LIMITED PARTNERSHIP ACT
ARTICLE 7 - PARTNERSHIP INTERESTS
§ 14-9-705 - Power of legal representative of deceased or incompetent partner

O.C.G.A. 14-9-705 (2010)
14-9-705. Power of legal representative of deceased or incompetent partner


(a) If a partner who is an individual dies or a court of competent jurisdiction adjudges him to be incompetent to manage his person or his property, the partner's executor, administrator, conservator, or other legal representative may exercise all the partner's rights for the purpose of settling his estate or administering his property, including any power the partner had to give an assignee the right to become a limited partner. If a partner is a corporation, trust, or other entity and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor.

(b) The estate of a deceased partner or the successor of a partner that is a dissolved or terminated corporation, trust, or other entity shall be liable for all of the partner's liabilities as a partner.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com