Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 14-9a-70 — Georgia Law | CourtGPT
  1. Home/
  2. Laws/
  3. Georgia/
  4. Title 14 - Corporations, Partnerships, and Associations/
  5. Chapter 9a - Limited Partnerships/
  6. Article 1 - Limited Partnerships Formed Since February 15, 1952/
  7. Part 4 - General Partners (§ 14-9a-70)/
  8. § 14-9a-70
Georgia Legal Code

§ 14-9a-70

Ask AI about this
A general partner shall have all the rights and powers and be subject to all the restrictions and liabilities of a partner in a partnership without limited partners, except that without the written consent or ratification of the specific act by all the limited partners, a general partner or all of the general partners have no authority to:(1) Do any act in contravention of the certificate required under Code Section 14-9A-20;(2) Do any act which would make it impossible to carry on the ordinary business of the partnership;(3) Confess a judgment against the partnership;(4) Possess partnership property, or assign their rights in specific partnership property, for other than a partnership purpose;(5) Admit a person as a general partner, unless the partnership agreement provides otherwise;(6) Admit a person as a limited partner, unless the right so to do is given in the certificate;(7) Continue the business with partnership property on the death, retirement, or insanity of a general partner, unless the right so to do is given in the certificate.