Georgia § 14-9A-45 - Priority among limited partners.
Full text of Georgia Official Code of Georgia Annotated § 14-9A-45 — Priority among limited partners., with citation guidance and answers to common questions.
§ 14-9A-45. Priority among limited partners.
Where there are several limited partners, the members may agree that one or more of the limited partners shall have a priority over other limited partners as to the return of their contributions, as to their compensation by way of income, or as to any other matter. If such an agreement is made, it shall be stated in the certificate required under Code Section 14-9A-20, and in the absence of such a statement all the limited partners shall stand upon equal footing. (Ga. L. 1952, p. 375, § 14; Code 1981, § 14-9-45; Code 1981, § 14-9A-45 , as redesignated by Ga. L. 1988, p. 1016, § 1.)
Frequently Asked Questions About Georgia § 14-9A-45
What does Official Code of Georgia Annotated § 14-9A-45 cover?
Section 14-9A-45 ("Priority among limited partners.") 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 § 14-9A-45?
A common citation format is "Official Code of Georgia Annotated § 14-9A-45" (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 § 14-9A-45 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.