Georgia § 14-9-803 - Winding up.
Full text of Georgia Official Code of Georgia Annotated § 14-9-803 — Winding up., with citation guidance and answers to common questions.
§ 14-9-803. Winding up.
After dissolution, except as provided in the partnership agreement, the general partners who have not withdrawn or, if none, the limited partners may wind up the limited partnership's affairs but, if one or more of such general partners have engaged in wrongful conduct, or upon other cause shown, the court may wind up the limited partnership's affairs upon application of a partner, his legal representative, or assignee. Unless otherwise provided in writing in the partnership agreement, the persons winding up the limited partnership's affairs may, in the name of, and for and on behalf of, the limited partnership: Prosecute and defend suits, whether civil, criminal, or administrative; Settle and close the limited partnership's business; Dispose of and convey the limited partnership's property for cash; Discharge the limited partnership's liabilities; and Distribute to the partners any remaining assets of the limited partnership. (Code 1981, § 14-9-803 , enacted by Ga. L. 1988, p. 1016, § 1; Ga. L. 1989, p. 931, § 14.) Law reviews. - For note on 1989 amendment to this Code section, see 6 Ga. St. U. L. Rev. 184 (1989).
Frequently Asked Questions About Georgia § 14-9-803
What does Official Code of Georgia Annotated § 14-9-803 cover?
Section 14-9-803 ("Winding up.") 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 § 14-9-803?
A common citation format is "Official Code of Georgia Annotated § 14-9-803" (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 § 14-9-803 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.