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Georgia State Code
Title      14
Chapter      9A  
Section Navigation     1 ... 23         24 ... 45    
      46 ... 90         91 ... 118   
   119 ... 128       129 ... 130     
Section<<< 46 47 48 49 50 51 52 70 80 90 >>>  
Title 14, Chapter 9A, Section 70 (14-9A-70)

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.

Saturday October 11 03:21 CDT


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