GEORGIA CODE (Last Updated: August 20, 2013) |
Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS |
Chapter 9A. LIMITED PARTNERSHIPS |
Article 1. LIMITED PARTNERSHIPS FORMED SINCE FEBRUARY 15, 1952 |
Part 2. FORMATION, CANCELLATION, AND AMENDMENT |
Section 14-9A-22. Use of surname of limited partner in partnership name; liability of limited partner if surname improperly used
Latest version.
- (a) The surname of a limited partner shall not appear in the partnership name, unless:
(1) It is also the surname of a general partner; or
(2) Prior to the time when the limited partner became such, the business had been carried on under a name in which his surname appeared.
(b) A limited partner whose name appears in a partnership name contrary to subsection (a) of this Code section is liable as a general partner to partnership creditors who extend credit to the partnership without actual knowledge that he is not a general partner.
Ga. L. 1952, p. 375, § 5; Code 1981, § 14-9-22; Code 1981, § 14-9A-22, as redesignated by Ga. L. 1988, p. 1016, § 1.