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48.180 Limited Partner; Right to Bring Action
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Description
48.180 Limited Partner; Right to Bring Action A limited partner may maintain an action in the right of a limited partnership to recover a judgment in its favor if general partners with authority to do so have refused to bring the action or an effort to make them bring the action is not likely to succeed. O.C.G.A. §14-9-1001 To bring such an action, the limited partner must have been a partner at the time of bringing the action and must have been a partner at the time of the transaction for which he/she complains or that partner's status must have devolved by laws or by terms of the partnership agreement from a person who was a partner at the time of the transaction. O.C.G.A. §14-9-1002





