- A limited partnership may carry on any business which a partnership without limited partners may carry on, except for banking, insurance, railroad, trust, canal, navigation, express, and telegraph businesses.
- A limited partnership may acquire property of any nature and take title thereto in the name of the partnership. The specification of this power shall not be construed to limit any other power which such limited partnership may have.
History. Ga. L. 1952, p. 375, § 3; Ga. L. 1970, p. 195, § 1; Code 1981, § 14-9-21; Code 1981, § 14-9A-21 , as redesignated by Ga. L. 1988, p. 1016, § 1.
Cross references.
Status of banking, insurance, or railroad corporations as Secretary of State Corporations, § 14-4-1 et seq.