§ 14-9A-125. Priority of Special Partners
In case of the insolvency or bankruptcy of the partnership, no special partner shall, under any circumstances, be allowed to claim as a creditor until the claims of all the other creditors of the partnership shall be satisfied. History. Laws 1837, Cobb’s 1851 Digest, p. 588; Code 1863, § 1944; Code 1868, § 1932; Code […]
§ 14-9A-126. Parties to Actions
Actions brought by limited partnerships shall be in the name or names of the general partners only. Actions brought against limited partnerships shall be brought against the general partners only, except in cases where the special partners are liable in the same manner as general partners. In such cases, actions may be brought against all […]
§ 14-9A-127. Liability of General Partners for Management of Firm
The general partners of a limited partnership shall be liable, both in law and equity, to each other and to the special partners for their management of the business of the firm as other partners are liable. History. Laws 1837, Cobb’s 1851 Digest, p. 587; Code 1863, § 1939; Code 1868, § 1927; Code 1873, […]
§ 14-9A-128. Liability of Partners for Fraud
Every partner who shall be guilty of any fraud in the affairs or business of the partnership shall be liable civilly to the party injured to the extent of his damage. History. Laws 1837, Cobb’s 1851 Digest, p. 587; Code 1863, § 1940; Code 1868, § 1928; Code 1873, § 1938; Code 1882, § 1938; […]
§ 14-9A-129. Fraudulent Sale, Assignment, or Transfer of Property Void
Every sale, assignment, or transfer of any of the property or effects of a limited partnership made by such partnership when insolvent or in contemplation of insolvency or made after or in contemplation of the insolvency of any partner, with the intent of giving a preference to any creditor of such partnership or insolvent partner […]
§ 14-9A-130. Penalty for Fraud
Every partner who shall work any fraud in the affairs or business of a limited partnership shall be guilty of a misdemeanor. History. Laws 1837, Cobb’s 1851 Digest, p. 587; Code 1863, § 1940; Code 1868, § 1928; Code 1873, § 1938; Code 1882, § 1938; Ga. L. 1895, p. 63, § 2; Civil Code […]
§ 14-10-1. Short Title
This chapter shall be known and may be cited as “The Georgia Professional Association Act.” History. Ga. L. 1961, p. 404, § 1; Ga. L. 2017, p. 774, § 14/HB 323. The 2017 amendment, effective May 9, 2017, part of an Act to revise, modernize, and correct the Code, substituted “This chapter shall be known […]
§ 14-10-2. Definitions
As used in this chapter, the term: “Professional association” means an unincorporated association, as distinguished from a partnership, organized under this chapter for the purpose of rendering one type of professional service. “Professional service” means the personal services rendered by attorneys at law and any type of professional service which may be legally performed only […]
§ 14-9A-116. Affidavits of Capital Paid In
At the time of filing the original certificate required under Code Section 14-9A-113, with the evidence of the acknowledgment thereof, an affidavit or affidavits of the several general partners shall also be filed in the same office, stating that the sums specified in the certificate to have been contributed by each of the special partners […]
§ 14-10-3. Persons Entitled to Form Association; Purpose; Limitation to One Type of Professional Service
Any two or more persons duly licensed to practice a profession under the laws of this state may form a professional association, as distinguished from a partnership and a corporation, by associating themselves for the purpose of carrying on a profession and dividing the gains therefrom upon compliance with the terms of this chapter. No […]