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2020 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 9 - Revised Uniform Limited Partnership Act
Article 4 - General Partners
§ 14-9-404. Rights, Powers, and Liabilities of General Partner Who Is Also Limited Partner
Universal Citation: GA Code § 14-9-404 (2020)
A person may be both a general partner and a limited partner in a limited partnership if his interests are separately designated in the partnership agreement. A person who is both a general partner and a limited partner has the rights and powers and is subject to the restrictions and liabilities of a general partner and, except as provided in the partnership agreement, also has the rights and powers and is subject to the restrictions and liabilities, if any, of a limited partner to the extent of his participation in the partnership as a limited partner.
(Code 1981, §14-9-404, enacted by Ga. L. 1988, p. 1016, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 59A Am. Jur. 2d, Partnership, § 846 et seq.
C.J.S.- 68 C.J.S., Partnership, § 588.
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