A limited partner shall not become liable as a general partner unless, in addition to the exercise of his rights and powers as a limited partner, he takes part in the control of the business.
History. Ga. L. 1952, p. 375, § 7; Code 1981, § 14-9-41; Code 1981, § 14-9A-41 , as redesignated by Ga. L. 1988, p. 1016, § 1.
Law reviews.
For article surveying Georgia cases in the area of business associations from June 1977 through May 1978, see 30 Mercer L. Rev. 1 (1978).
Structure Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 9A - Limited Partnerships
Article 1 - Limited Partnerships Formed Since February 15, 1952
§ 14-9A-40. Character of Limited Partner’s Contribution
§ 14-9A-41. Limited Partner Not Liable to Creditors
§ 14-9A-43. Person Erroneously Believing Himself Limited Partner Not Liable as General Partner
§ 14-9A-45. Priority Among Limited Partners
§ 14-9A-47. Withdrawal or Reduction of Contribution
§ 14-9A-48. Liability of Limited Partner to Partnership
§ 14-9A-49. Nature of Limited Partner’s Interest
§ 14-9A-50. Assignment of Limited Partner’s Interest