Current through 2023-2024 Legislative Session Chapters 1-496, 504, 505, 514, 516-545, 549, 550, 566, 570, 571, 578, 580, 586, 590-592, 594, 595, 604, 609, 612, 696, 697
Section 14-9A-70 - Rights, powers, and liabilities of general partnerA general partner shall have all the rights and powers and be subject to all the restrictions and liabilities of a partner in a partnership without limited partners, except that without the written consent or ratification of the specific act by all the limited partners, a general partner or all of the general partners have no authority to:
(1) Do any act in contravention of the certificate required under Code Section 14-9A-20;(2) Do any act which would make it impossible to carry on the ordinary business of the partnership;(3) Confess a judgment against the partnership;(4) Possess partnership property, or assign their rights in specific partnership property, for other than a partnership purpose;(5) Admit a person as a general partner, unless the partnership agreement provides otherwise;(6) Admit a person as a limited partner, unless the right so to do is given in the certificate;(7) Continue the business with partnership property on the death, retirement, or insanity of a general partner, unless the right so to do is given in the certificate.