18 GCA § 27307: Rights, Powers, and Liabilities of a General Partner.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 4 - Partnership
- Chapter 27: Limited Partnerships
- ARTICLE 3: POWERS, RIGHTS, DUTIES AND LIABILITIES OF PARTNERS
(1) A 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 --
(a) Do any act in contravention of the certificate,
(b) Do any act which would make it impossible to carry on the
ordinary business of the partnership,
(c) Confess a judgement against the partnership,
(d) Possess partnership property, or assign their rights in specific
partnership property, for other than a partnership purpose,
(e) Admit a person as a general partner,
(f) Admit a person as a limited partner, unless the right so to do is
given in the certificate,
(g) 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.
Collected 2026-09-27T03:55:28Z. Source file · JSON