One Click Case Law for § 14-9a-43
O.C.G.A. § 14-9a-42 <-- --> O.C.G.A. §14-9a-44

2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 9A - LIMITED PARTNERSHIPS
ARTICLE 1 - LIMITED PARTNERSHIPS FORMED SINCE FEBRUARY 15, 1952
PART 3 - LIMITED PARTNERS
§ 14-9A-43 - Person erroneously believing himself limited partner not liable as general partner

O.C.G.A. 14-9A-43 (2010)
14-9A-43. Person erroneously believing himself limited partner not liable as general 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 if, on ascertaining the mistake, he promptly renounces his interest in the profits of the business or other compensation by way of income.