Short answer. No. Article 1850 of the Civil Code says that, without the written consent or ratification by all the limited partners, a general partner has no authority to possess partnership property, or assign their rights in specific partnership property, for other than a partnership purpose.
What the law says
Possess partnership property, or assign their rights in specific partnership property, for other than a partnership purpose
Civil Code, Article 1850 — Powers of a General Partner. Read the full provision →
Partnership property is for partnership purposes
The assets of a limited partnership are held to serve the business, not the private ends of whoever manages it. The law makes this a reserved matter. Among the acts a general partner cannot do without the written consent or ratification of the specific act by all the limited partners is to possess partnership property, or assign their rights in specific partnership property, for other than a partnership purpose. So a general partner may deal with partnership property in the course of the business, but diverting it to a purpose outside the partnership is beyond his solo authority. The property's dedication to the venture is exactly what the restriction protects.
What 'for other than a partnership purpose' targets
The restriction is aimed at self-dealing and diversion. Using partnership assets to secure a general partner's personal loan, taking possession of them for private benefit, or assigning rights in specific partnership property to serve something unrelated to the business are the kinds of acts it reaches. Handling the same property for a genuine partnership purpose, in the ordinary running of the enterprise, is not what the provision forbids. The dividing line is the purpose served: the partnership's, which the general partner may pursue, or an outside one, which he may not pursue with partnership property on his own say-so.
The consent must be written and unanimous
Where a general partner does want to deal with partnership property for a non-partnership purpose, the law requires the written consent or ratification of the specific act by all the limited partners. That means every limited partner, in writing, either beforehand or by ratifying the particular act afterward. A general permission or an oral understanding is not enough, and the objection or mere non-participation of a single limited partner leaves the general partner without authority. The safeguard is deliberately hard to satisfy because it guards the pool of assets the limited partners are relying on to be devoted to the business.
Why this matters to limited partners
For limited partners, this is one of the core protections of their investment. They contribute capital but do not manage, so the assurance that partnership property will not be siphoned off for outside purposes without their written approval is central to the bargain. If a general partner has possessed or assigned specific partnership property for something other than a partnership purpose without that consent, the act stands on weak footing and can be challenged. A general partner, for his part, should treat partnership property as the business's, and seek unanimous written consent before ever putting it to any outside use.