Georgia § 14-9-502 - Promise to contribute; liability for contribution.
Full text of Georgia Official Code of Georgia Annotated § 14-9-502 — Promise to contribute; liability for contribution., with citation guidance and answers to common questions.
§ 14-9-502. Promise to contribute; liability for contribution.
Notwithstanding any other provision of law regarding unwritten contracts, including but not limited to Code Section 13-5-31, a promise by a person to make a contribution to the capital of a limited partnership is not enforceable unless set out in a writing signed by the person or his attorney in fact. Except as provided in the partnership agreement: A partner is obligated to the limited partnership to perform an otherwise enforceable promise to contribute cash or property or to perform services and to pay interest on the agreed contribution from the date the contribution is due; and This obligation exists even if the partner is unable to perform because of death, disability, or any other reason. Unless otherwise provided in the partnership agreement, the obligation of a partner to make a contribution to the capital of the partnership may be reduced or eliminated only by consent of all partners. (Code 1981, § 14-9-502 , enacted by Ga. L. 1988, p. 1016, § 1.) Law reviews. - For survey article on business associations, see 44 Mercer L. Rev. 67 (1992).
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 14-9-502
What does Official Code of Georgia Annotated § 14-9-502 cover?
Section 14-9-502 ("Promise to contribute; liability for contribution.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 14-9-502?
A common citation format is "Official Code of Georgia Annotated § 14-9-502" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 14-9-502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.