N.Y. Partnership Law § 100: Status of person erroneously believing himself a limited partner

§ 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.