{"data":{"id":"us-ga/o.c.g.a.-14-9-704","jurisdiction":"us-ga","citation":"O.C.G.A. § 14-9-704","heading":"Right of assignee to become limited partner.","body":"(a) An assignee of a partnership interest, including an assignee of a general partner, may become a limited partner if and to the extent that:\n(1) The partnership agreement so provides; or\n(2) All other partners consent.\n(b) An assignee who has become a limited partner has, to the extent assigned, the rights and powers and is subject to the restrictions and liabilities of a limited partner under the partnership agreement and this chapter. An assignee who becomes a limited partner also is liable for the obligations of his assignor to make contributions as provided in Code Section 14-9-502. However, unless otherwise agreed between the assignee and the assignor, such assignee is not obligated for liabilities unknown to the assignee at the time he became a limited partner and which could not be ascertained from the written partnership agreement.\n(c) Subject to contrary provision in the partnership agreement, if an assignee of a partnership interest becomes a limited partner, the assignor is not released from his liability to the limited partnership under Code Section 14-9-502.","path":["TITLE 14 Corporations, Partnerships, and Associations","CHAPTER 9 Revised Uniform Limited Partnership Act","Article 7 Partnership Interests"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.14.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"3001c09d64052309b3ae7cec78a798e1ac40e492ba10dbe05dcc2d4b93196cf3","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-14-9-703","next":"us-ga/o.c.g.a.-14-9-705"},"notice":"GroundRules: Original legal text. Not legal advice."}