§ 14-9-404 - Rights, powers, and liabilities of general partner who is also limited partner - Georgia Statutes

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Statutes > Georgia > Title-14 > Chapter-9 > Article-4 > 14-9-404

O.C.G.A. 14-9-404 (2010)
14-9-404. Rights, powers, and liabilities of general partner who is also limited partner

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.

State Codes and Statutes

Statutes > Georgia > Title-14 > Chapter-9 > Article-4 > 14-9-404

O.C.G.A. 14-9-404 (2010)
14-9-404. Rights, powers, and liabilities of general partner who is also limited partner

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.

State Codes and Statutes

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State Codes and Statutes

Statutes > Georgia > Title-14 > Chapter-9 > Article-4 > 14-9-404

O.C.G.A. 14-9-404 (2010)
14-9-404. Rights, powers, and liabilities of general partner who is also limited partner

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.