RCW 25.10.351
Person erroneously believing self to be limited partner.
(1) Except as otherwise provided in subsection (2) of this section, a person that makes an investment in a business enterprise, and erroneously but in good faith believes that the person has become a limited partner in the enterprise, is not a general partner and is not liable for the enterprise's obligations by reason of making the investment, receiving distributions from the enterprise, or exercising any rights of or appropriate to a limited partner, if, on ascertaining the mistake, the person:
(a) Causes an appropriate certificate of limited partnership, amendment, or statement of correction to be signed and delivered to the secretary of state for filing; or
(b) Withdraws from future participation as an owner in the enterprise by signing and delivering to the secretary of state for filing a statement of withdrawal under this section.
(2) A person that makes an investment described in subsection (1) of this section is liable to the same extent as a general partner to any third party that enters into a transaction with the enterprise, believing in good faith that the person is a general partner, before the secretary of state files a statement of withdrawal, certificate of limited partnership, amendment, or statement of correction to show that the person is not a general partner.
(3) If a person makes a diligent effort in good faith to comply with subsection (1)(a) of this section and is unable to cause the appropriate certificate of limited partnership, amendment, or statement of correction to be signed and delivered to the secretary of state for filing, the person has the right to withdraw from the enterprise pursuant to subsection (1)(b) of this section even if the withdrawal would otherwise breach an agreement with others that are or have agreed to become co-owners of the enterprise.
[ 2009 c 188 § 306.]
Structure Revised Code of Washington
Chapter 25.10 - Uniform Limited Partnership Act.
25.10.016 - Knowledge and notice.
25.10.021 - Nature, purpose, and duration of entity.
25.10.051 - Supplemental principles of law—Rate of interest.
25.10.071 - Reservation of name.
25.10.081 - Effect of partnership agreement—Nonwaivable provisions.
25.10.091 - Required information.
25.10.101 - Business transactions of partner with partnership.
25.10.121 - Registered agent—Requirements.
25.10.131 - Change of registered agent for service of process.
25.10.141 - Resignation of agent for service of process.
25.10.151 - Service of process.
25.10.161 - Consent and proxies of partners.
25.10.201 - Formation of limited partnership—Certificate of limited partnership.
25.10.211 - Amendment or restatement of certificate of limited partnership.
25.10.221 - Statement of termination.
25.10.231 - Signing of records.
25.10.241 - Signing and filing pursuant to judicial order.
25.10.251 - Delivery to and filing of records by secretary of state—Effective time and date.
25.10.261 - Correcting filed record.
25.10.271 - Liability for false information in filed record.
25.10.281 - Certificate of existence or registration.
25.10.291 - Annual report for secretary of state.
25.10.301 - Becoming limited partner.
25.10.311 - No right or power as limited partner to bind limited partnership.
25.10.321 - No liability as limited partner for limited partnership obligations.
25.10.331 - Right of limited partner and former limited partner to information.
25.10.341 - Limited duties of limited partners.
25.10.351 - Person erroneously believing self to be limited partner.
25.10.371 - Becoming general partner.
25.10.381 - General partner agent of limited partnership.
25.10.391 - Limited partnership liable for general partner's actionable conduct.
25.10.401 - General partner's liability.
25.10.411 - Actions by and against partnership and partners.
25.10.421 - Management rights of general partner.
25.10.431 - Right of general partner and former general partner to information.
25.10.441 - General standards of general partner's conduct.
25.10.461 - Form of contribution.
25.10.466 - Liability for contribution.
25.10.471 - Sharing of distributions.
25.10.476 - Interim distributions.
25.10.481 - No distribution on account of dissociation.
25.10.486 - Distribution in kind.
25.10.491 - Right to distribution.
25.10.496 - Limitations on distribution.
25.10.501 - Liability for improper distributions.
25.10.511 - Dissociation as limited partner.
25.10.516 - Effect of dissociation as limited partner.
25.10.521 - Dissociation as general partner.
25.10.526 - Person's power to dissociate as general partner—Wrongful dissociation.
25.10.531 - Effect of dissociation as general partner.
25.10.541 - Liability to other persons of person dissociated as general partner.
25.10.546 - Partner's transferable interest.
25.10.551 - Transfer of partner's transferable interest.
25.10.556 - Rights of creditor of partner or transferee.
25.10.561 - Power of estate of deceased partner.
25.10.571 - Nonjudicial dissolution.
25.10.576 - Judicial dissolution.
25.10.596 - Known claims against dissolved limited partnership.
25.10.601 - Other claims against dissolved limited partnership.
25.10.611 - Administrative dissolution.
25.10.616 - Reinstatement following administrative dissolution.
25.10.621 - Disposition of assets—When contributions required.
25.10.641 - Effect of registration and governing law.
25.10.646 - Registration with the secretary of state.
25.10.651 - Activities not constituting transacting business.
25.10.661 - Name of foreign limited partnership.
25.10.666 - Termination of registration.
25.10.671 - Withdrawal of registration.
25.10.701 - Direct action by partner.
25.10.706 - Derivative action.
25.10.721 - Proceeds and expenses.
25.10.761 - Action on plan of conversion by converting limited partnership.
25.10.766 - Filings required for conversion—Effective date.
25.10.771 - Effect of conversion.
25.10.781 - Action on plan of merger by constituent limited partnership.
25.10.786 - Filings required for merger—Effective date.
25.10.796 - Restrictions on approval of conversions and mergers and on relinquishing LLLP status.
25.10.801 - Liability of general partner after conversion or merger.
25.10.811 - Article not exclusive.
25.10.836 - Partner—Dissent—Payment of fair value.
25.10.841 - Dissenters' rights—Notice—Timing.
25.10.846 - Partner—Dissent—Voting restriction.
25.10.851 - Partners—Dissenters' notice—Requirements.
25.10.856 - Partner—Payment demand—Entitlement.
25.10.861 - Partnership interests—Transfer restrictions.
25.10.866 - Payment of fair value—Requirements for compliance.
25.10.871 - Merger—Not effective within sixty days—Transfer restrictions.
25.10.876 - Dissenter's estimate of fair value—Notice.
25.10.881 - Unsettled demand for payment—Proceeding—Parties—Appraisers.
25.10.886 - Unsettled demand for payment—Costs, fees, and expenses of counsel.
25.10.901 - Uniformity of application and construction.
25.10.903 - Effective date—2009 c 188.
25.10.906 - Relation to electronic signatures in global and national commerce act.
25.10.911 - Application to existing relationships.
25.10.916 - Applicable fees, charges, and penalties.