§ 14-9A-24. One Person Both General and Limited Partner
A person may be a general partner and a limited partner in the same partnership at the same time. 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 […]
§ 14-9A-25. When Certificate of Limited Partnership Required to Be Canceled
The certificate required under Code Section 14-9A-20 shall be canceled when the partnership is dissolved or all limited partners cease to be such. A certificate shall be amended when: There is a change in the name of the partnership or in the amount or character of the contribution of any limited partner; A person is […]
§ 14-9A-26. Procedure for Amendment or Cancellation of Certificate of Limited Partnership
The writing to amend a certificate shall: Conform to the requirements of paragraph (1) of subsection (a) of Code Section 14-9A-20 as far as necessary to set forth clearly the change in the certificate which it is desired to make; and Be signed and sworn to by all members. An amendment substituting a limited partner […]
§ 14-9-1202. Effect on Partnerships Existing Prior to July 1, 1988
This chapter shall not apply to limited partnerships existing before July 1 of the year in which this chapter becomes effective except as provided in Code Section 14-9-1201. This chapter shall not be construed so as to impair, or otherwise affect, the organization or the continued existence of a limited partnership existing before July 1 […]
§ 14-9A-27. Liability for False Statement in Certificate
If the certificate required under Code Section 14-9A-20 contains a false statement, one who suffers loss by reliance on such statement may hold liable any party to the certificate who knew the statement to be false: At the time he signed the certificate; or Subsequently, but within a sufficient time before the statement was relied […]
§ 14-9-1203. Nonrenewable One-Year Name Reservation for Partnerships Existing Prior to July 1, 1988
The intent of this Code section is to ensure an orderly transition to a centralized filing system for limited partnerships and to give existing limited partnerships an opportunity to establish name availability and other files with the Secretary of State to permit an orderly implementation of this chapter. In order to preserve the availability of […]
§ 14-9A-40. Character of Limited Partner’s Contribution
The contributions of a limited partner may be cash or other property but not services. History. Ga. L. 1952, p. 375, § 4; Code 1981, § 14-9-40; Code 1981, § 14-9A-40 , as redesignated by Ga. L. 1988, p. 1016, § 1.
§ 14-9-1204. Applicability of Uniform Partnership Act
The provisions of Chapter 8 of this title, known as the “Uniform Partnership Act,” shall govern in any case not provided for in this chapter. History. Code 1981, § 14-9-1204 , enacted by Ga. L. 1988, p. 1016, § 1.
§ 14-9A-41. Limited Partner Not Liable to Creditors
A limited partner shall not become liable as a general partner unless, in addition to the exercise of his rights and powers as a limited partner, he takes part in the control of the business. History. Ga. L. 1952, p. 375, § 7; Code 1981, § 14-9-41; Code 1981, § 14-9A-41 , as redesignated by […]
§ 14-9A-1. Short Title
This article shall be known and may be cited as the “Uniform Limited Partnership Act.” History. Ga. L. 1952, p. 375, § 27; Code 1981, § 14-9-1; Code 1981, § 14-9A-1 , as redesignated by Ga. L. 1988, p. 1016, § 1; Ga. L. 2017, p. 774, § 14/HB 323. The 2017 amendment, effective May […]