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Georgia State Code
Title      14
Chapter       9  
Section Navigation   100 ... 109       201 ... 206.4 
 206.5 ... 402       403 ... 604   
     605 ... 803       804 ... 907   
   908 ... 1201     1202 ... 1204    
Section<<< 605 606 701 702 703 704 705 801 802 803 >>>  
Title 14, Chapter 9, Section 801 (14-9-801)

A limited partnership is dissolved and its affairs must be wound up upon the first of the following to occur:

(1) Events specified in writing in the partnership agreement;

(2) Written consent of all partners;

(3) An event of withdrawal of a general partner unless:

(A) There remains at least one other general partner and the written provisions of the partnership agreement permit the business of the limited partnership to be carried on by the remaining general partner or general partners alone or together with new general partners, and that partner or those general partners do so; or

(B) Within 90 days after the withdrawal, all partners other than the general partner with respect to which the event of withdrawal has occurred (or such partners as are provided for in the written provisions of the partnership agreement) agree in writing to continue the business of the limited partnership and, if there is no remaining general partner, to the appointment, effective as of the date of withdrawal, of one or more new general partners; or

(4) Entry of a decree of judicial dissolution under Code Section 14-9-802.

Monday October 6 10:21 CDT


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