A person may be both a general partner and a limited partner in a limited partnership if his interests are separately designated in the partnership agreement. A person who is both a general partner and a limited partner has the rights and powers and is subject to the restrictions and liabilities of a general partner and, except as provided in the partnership agreement, also has the rights and powers and is subject to the restrictions and liabilities, if any, of a limited partner to the extent of his participation in the partnership as a limited partner. (Code 1981, § 14-9-404, enacted by Ga. L. 1988, p. 1016, § 1.) COMMENT Note to Georgia Revised Uniform Limited Partnership Act This section permits a person to be both a general and a limited partner in a limited partnership and provides rules governing this dual status. Prior Georgia Law Section 14-9A-24 is similar. Comparison With Official RULPA This section is the same as the official version.
Rights, powers, and liabilities of general partner who is also limited partner
O.C.G.A. § 14-9-404, under GENERAL PARTNERS.
O.C.G.A. § 14-9-404