Effect of Death of Limited Partner

  1. Law
  2. Georgia Code
  3. Corporations, Partnerships, and Associations
  4. Limited Partnerships
  5. Limited Partnerships Formed Since February 15, 1952
  6. Limited Partners
  7. Effect of Death of Limited Partner

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  1. On the death of a limited partner, his executor or administrator shall have all the rights of a limited partner for the purpose of settling his estate and such power as the deceased had to constitute his assignee a substituted limited partner.
  2. The estate of a deceased limited partner shall be liable for all his liabilities as a limited partner.

(Ga. L. 1952, p. 375, § 21; Code 1981, §14-9-51; Code 1981, §14-9A-51, as redesignated by Ga. L. 1988, p. 1016, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, § 813 et seq.

C.J.S.

- 68 C.J.S., Partnership, § 610 et seq.

U.L.A.

- Uniform Limited Partnership Act (U.L.A.) § 21.


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