One Person Both General and Limited Partner

  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. One Person Both General and Limited Partner

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  1. A person may be a general partner and a limited partner in the same partnership at the same time.
  2. A person who is at the same time both a general and a limited partner shall have all the rights and powers and be subject to all the restrictions of a general partner, except that, in respect to his contributions, he shall have the rights against the other members which he would have had as a limited partner if he were not also a general partner.

(Ga. L. 1952, p. 375, § 12; Code 1981, §14-9-24; Code 1981, §14-9A-24, as redesignated by Ga. L. 1988, p. 1016, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, § 830.

C.J.S.

- 68 C.J.S., Partnership, § 566.

U.L.A.

- Uniform Limited Partnership Act (U.L.A.) § 12.


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