Georgia Statutes
§ 14-9a-70 — Rights, powers, and liabilities of general partner
Georgia·Title 14
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 otherwis
Free access — add to your briefcase to read the full text and ask questions with AI
Georgia § 14-9a-70 (Rights, powers, and liabilities of general partner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 14-10-1
Short title§ 14-10-10
Ownership§ 14-10-17
Actions by or against associations§ 14-10-2
Definitions§ 14-10-3
Persons entitled to form association; purpose; limitation to one type of professional service§ 14-10-4
Formation