2010 Georgia Code 14-9a-70 Case Law
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One Click Case Law for § 14-9a-70
O.C.G.A. § 14-9a-52 <-- --> O.C.G.A. §14-9a-80



2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 9A - LIMITED PARTNERSHIPS
ARTICLE 1 - LIMITED PARTNERSHIPS FORMED SINCE FEBRUARY 15, 1952
PART 4 - GENERAL PARTNERS
§ 14-9A-70 - Rights, powers, and liabilities of general partner

O.C.G.A. 14-9A-70 (2010)
14-9A-70. Rights, powers, and liabilities of general partner


A general partner shall have all the rights and powers and be subject to all the restrictions and liabilities of a partner in a partnership without limited partners, except that without the written consent or ratification of the specific act by all the limited partners, a general partner or all of the general partners have no authority to:

(1) Do any act in contravention of the certificate required under Code Section 14-9A-20;

(2) Do any act which would make it impossible to carry on the ordinary business of the partnership;

(3) Confess a judgment against the partnership;

(4) Possess partnership property, or assign their rights in specific partnership property, for other than a partnership purpose;

(5) Admit a person as a general partner, unless the partnership agreement provides otherwise;

(6) Admit a person as a limited partner, unless the right so to do is given in the certificate;

(7) Continue the business with partnership property on the death, retirement, or insanity of a general partner, unless the right so to do is given in the certificate.

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

graham@syfert.com