ยง 100. Status of person erroneously believing himself a limited
partner. A person who has contributed to the capital of a business
conducted by a person or partnership erroneously believing that he has
become a limited partner in a limited partnership is not, by reason of
his exercise of the rights of a limited partner, a general partner with
the person or in the partnership carrying on the business, or bound by
the obligations of such person or partnership; provided that on
ascertaining the mistake he promptly renounces his interest in the
profits of the business, or other compensation by way of income.
Structure New York Laws
Article 8 - Limited Partnerships.
90 - Limited Partnership Defined.
92 - Business Which May Be Carried On.
93 - Character of Limited Partner's Contribution.
94 - Name Not to Contain Surname of Limited Partner; Exceptions.
95 - Liability for False Statements in Certificate.
96 - Limited Partner Not Liable to Creditors.
97 - Admission of Additional Limited Partners.
98 - Rights, Powers and Liabilities of a General Partner.
99 - Rights of a Limited Partner.
100 - Status of Person Erroneously Believing Himself a Limited Partner.
101 - One Person Both General and Limited Partner.
102 - Loans and Other Business Transactions With Limited Partner.
103 - Relation of Limited Partners Inter Se.
104 - Compensation of Limited Partner.
105 - Withdrawal or Reduction of Limited Partner's Contribution.
106 - Liability of Limited Partner to Partnership.
107 - Nature of Interest in Partnership.
109 - Effect of Retirement, Death or Insanity of a General Partner.
110 - Death of Limited Partner.
111 - Rights of Creditors of Limited Partner.
113 - Certificate Cancelled or Amended.
114 - Requirements for Amendment or Cancellation.