{"data":{"id":"us-gu/18-gca-27309","jurisdiction":"us-gu","citation":"18 GCA § 27309","heading":"Status of Person Erroneously Believing Himself a Limited Partner.","body":"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.","path":["Title 18: Business Structure and Function","Division 1 - Business Structure","Part 4 - Partnership","Chapter 27: Limited Partnerships","ARTICLE 3: POWERS, RIGHTS, DUTIES AND LIABILITIES OF PARTNERS"],"source_url":"https://col.guamcourts.gov/sites/default/files/18gc027.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:55:28Z","sha256":"8141639b80d7910bc644495a726ae6b97fba03963eb6ecd733f293b1dcdab446","source_id":"us-gu","stale":false,"prev":"us-gu/18-gca-27308","next":"us-gu/18-gca-27310"},"notice":"GroundRules: Original legal text. Not legal advice."}