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 3. LIMITED PARTNERS |
Section 14-9A-46. Compensation
Latest version.
- 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.
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.