Use of Surname of Limited Partner in Partnership Name; Liability of Limited Partner if Surname Improperly Used

1. Law
2. Georgia Code
3. Corporations, Partnerships, and Associations
4. Limited Partnerships
5. Limited Partnerships Formed Since February 15, 1952
6. Formation, Cancellation, and Amendment
7. Use of Surname of Limited Partner in Partnership Name; Liability of Limited Partner if Surname Improperly Used

1. The surname of a limited partner shall not appear in the partnership name, unless:
   1. It is also the surname of a general partner; or
   2. Prior to the time when the limited partner became such, the business had been carried on under a name in which his surname appeared.
2. A limited partner whose name appears in a partnership name contrary to subsection (a) of this Code section is liable as a general partner to partnership creditors who extend credit to the partnership without actual knowledge that he is not a general partner.

(Ga. L. 1952, p. 375, § 5; Code 1981, §14-9-22; Code 1981, §14-9A-22, as redesignated by Ga. L. 1988, p. 1016, § 1.)

Cross references.

- Registration of partnership name which does not disclose individual ownership of trade, business, or profession carried on under such name, § 10-1-490 et seq.

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, §§ 59 et seq., 778.

C.J.S.

- 68 C.J.S., Partnership, § 562.

U.L.A.

- Uniform Limited Partnership Act (U.L.A.) § 5.

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