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

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