Georgia § 14-9a-45 Priority among limited partners

Georgia Statutes

§ 14-9a-45 — Priority among limited partners

Georgia § 14-9a-45

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This text of Georgia § 14-9a-45 (Priority among limited partners) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 14-9a-45 (2026).

Text

Where there are several limited partners, the members may agree that one or more of the limited partners shall have a priority over other limited partners as to the return of their contributions, as to their compensation by way of income, or as to any other matter. If such an agreement is made, it shall be stated in the certificate required under Code Section 14-9A-20 , and in the absence of such a statement all the limited partners shall stand upon equal footing.

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Where there are several limited partners, the members may agree that one or more of the limited partners shall have a priority over other limited partners as to the return of their contributions, as to their compensation by way of income, or as to any other matter. If such an agreement is made, it shall be stated in the certificate required under Code Section 14-9A-20 , and in the absence of such a statement all the limited partners shall stand upon equal footing.