A limited partner may receive from the partnership the share of the profits or the compensation by way of income stipulated in the certificate, provided that after such payment is made, whether from the property of the partnership or that of a general partner, the partnership assets are in excess of all liabilities of the partnership except liabilities to limited partners on account of their contributions and to general partners.
History. Ga. L. 1952, p. 375, § 15; Code 1981, § 14-9-46; Code 1981, § 14-9A-46 , as redesignated by Ga. L. 1988, p. 1016, § 1.
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