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2019 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 9 - Revised Uniform Limited Partnership Act
Article 10 - Derivative Actions
§ 14-9-1001. Right of limited partner to bring action
Universal Citation: GA Code § 14-9-1001 (2019)
A limited partner may maintain an action in the right of a limited partnership to recover a judgment in its favor if general partners with authority to do so have refused to bring the action or an effort to cause those general partners to bring the action is not likely to succeed. The foregoing authority to bring an action in the right of a limited partnership shall not limit any right a limited partner might have under the partnership agreement or otherwise.
History:Code 1981, § 14-9-1001, enacted by Ga. L. 1988, p. 1016, § 1.
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