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-51. Effect of death of limited partner
Latest version.
- (a) On the death of a limited partner, his executor or administrator shall have all the rights of a limited partner for the purpose of settling his estate and such power as the deceased had to constitute his assignee a substituted limited partner.
(b) The estate of a deceased limited partner shall be liable for all his liabilities as a limited partner.
Ga. L. 1952, p. 375, § 21; Code 1981, § 14-9-51; Code 1981, § 14-9A-51, as redesignated by Ga. L. 1988, p. 1016, § 1.